Is the Canola all sold?

**boarderbloke** · May 13, 2016, 08:07

Beatch slapped pretty hard the last two days, guess they're going to make those still holding pay for the $12 plus that they dished out on Tues. There might have been enough sold Tues to take them to summer shut down.? If so there likely won't be anymore legs, unless there was/will be sizable frost damage in the nest 2 weeks.

**bucket** · May 13, 2016, 08:10

Acres might not be as large as expected.

**Guest** · May 13, 2016, 08:11

we are 3/4 sold and were too stupid and greedy to sell any in the rally , just sat there and watched it all unfold , lol. did have one target go for $10.90 sept tho

**errolanderson** · May 13, 2016, 10:07

Proof-in-the-pudding will be old crop 'basis levels'. This is a clear signal of buyer demand.

If the July basis stays snug, buyers are still short . . . if basis now weakens, buying may be nearing completion for the crop year.

**boarderbloke** · May 13, 2016, 10:15

Yes, good point Errol. Thanks for the reminder.

**fjlip** · May 13, 2016, 12:38

And NEW crop basis? Guess they need the whole crop at the moment, give us some $12!!

**wheatsnowcanola** · May 13, 2016, 22:33

The way it looks in Alta, dry weather, no prospects for rain,dry frosts etc, the only canola to sell for a year and a half may be old crop.

**vvalk** · May 14, 2016, 08:47

Tues they hit some $12.25 old crop and 11.50 new crop

Is the Canola all sold?