Canola

[crusher]

Somebody has been rocking the canola boat and I think it capsized.

[boarderbloke]

Is it the whales, flushing out the riff raff before the heat hits the Midwest? and canola getting caught up in the down draft of the bean push?

Seems crush margins are at near strongest all year, that was before today's drop. I don't think the drop is due to unprofitability for crushers.

Did the USD jump up today?

[farming101]

Aye whales methinks. Wasn't going up anymore. See if it will go down.
Also, fundamentally, producer canola deliveries have been very strong.

[Braveheart]

Most traders and funds want to be long beans but not at the levels they were at. We'll see if a pullback will spark more buying. Low acres and crazy weather are still going to leave everyone nervous about bean supplies until the crop is made.

[farmaholic]

Aye matey....she's going lower than whale shit in the Challenger Deep(deepest spot in the oceans)!!! Big crop coming and China ****ing things up.

[ajl]

Will be interesting to see what happens to the canola market when China can no longer afford to buy. Hopefully we see some production cutbacks this summer to keep market in balance. Had some here already due to flooded spots but most canola looks pretty good.

[fjlip]

It will be just great after 45 years to STILL get same dollars per bu as when I started!
Buying power since 1975 has dropped by 4.5times. Canola would equal $40, wheat $20 net to producer.

[iceman]

It will be just great after 45 years to STILL get same dollars per bu as when I started!
Buying power since 1975 has dropped by 4.5times. Canola would equal $40, wheat $20 net to producer.

Would you like the same yield?

Let's add up all the numbers

Iceman out

[ado089]

Polish canola running 40 with 99cent seed and 19 cent N. Yup I'll take the old yields and @ 4.5x price. Hell I do organic with lower yield for 3X already.

[RD414]

Stopped at the truck stop in Davidson for lunch, land advertisement on the wall. Said you could expect yields regularly up to 40 bu. in wheat, 60 in barley and 30 in flax. Didn't talk about canola, but I guess cause the ad was from 1910. And where is our prov. average at, not a whole lot more than 70s. Ill take the 3 times higher anyday also.