$7.50 canola

[ajl]

You do realize that the Bank of Canada engineered a bailout of commodity producers: farmer, oil, miners. etc by cutting interest rates twice which drops the currency thus stealing from savers again this year. The $7.50 US canola and soaring machinery prices are just a consequence of that policy. They are going to cut interest again in Jan as Canuckistan is headed into depression and there is nothing that can be done about it.

[Klause]

Where's this 12.25 canola? Futures aren't even close to that....

[riders2010]

That might be a pound someone is selling own seed? Lol

[TOM4CWB]

Klause;

Nexera Fall 2016... new varieties are great!

[farming101]

A little while ago Mallee said Aussie port prices were at 530. Works out to 11.86 CAD, I think.
Backed off to Sask about the same I'm guessing.
Farmers are moving canola. Yields for many were surprisingly good. Per acre returns are showing a profit. Bins are heating. All kinds of reasons to keep it moving.

[farming101]

Across the 49th one elevator is offering 4.43 valuable USD for a bushel of spring wheat. Trucks might start coming north.

[farmaholic]

farming101, now wouldn't that be an eye opener. Arbitrage once again not in our favor. Arbitrage seems to have a depressing effect.

[bgmb]

Tom the point of that post was to point out we are getting f'd on canola right now. As usual you wont admit the grain market in WC is not functioning properly. Nothing to do with nexera or new crop. Thanks for adding nothing.

I agree, canola is cheap relative to beans.

[farming101]

Over half of canola is meal, which still trades at a discount to bean meal and must be freighted great distance to markets.

[Oliver88]

http://futures.tradingcharts.com/news/futures/Canadian_Oilseed_Processors_Association_Weekly_Cru sh_243219547.html

Canola crush capacity is at 88.7%, significantly higher than last year.
Over 290,000 Tonnes more canola crushed this year vs last so far.
IMO, canola being moved to avoid heating and bill payments.

Crush margin currently at $88/tonne. To answer vvalk, the canola crushers are making good $ currently.

March to July will be a more profitable time to sell.