Looks like it's time to shut the doors on the canola bins, again!

[cottonpicken]

http://www.bloomberg.com/apps/news?pid=20601087&sid=arH_jb_T7FpI&refer=home

Corn prices have hit the fan.

[boarderbloke]

cp, thanks for the bloomberg link, a good read. say, did anyone get back to you(if i remember right it was you) about traditional relationships, price wise, between "corn vs. barley", and "corn vs. wheat"? if so was the relationship between them more than just energy value?

[cottonpicken]

No,i'm going to start charting some graphs tonight.I've got 50,000 bushel old crop and 50,000 bushel new crop(of oats),so i got to get the numbers locked down.I know were corn's going so i'm going to work backwards from there.Along with frost of 04 feed wheat.

I'm going to add 15% to oats above the historic 10 year ratio average do to the massive drop in acres.

Selling will start 20% below projected corn peak(which means peak of ratio),which i think i said was 8.48?I'll have to look it up.From there i'll just watch the trend lines.

[cottonpicken]

But.....jezussss if corn blows through its first fib resistance?????????
I'm lookin like an ass.

[boarderbloke]

canola went up $13.20/t on the july08 today, and crush margins still went up $12.87/t over and above yesterdays crush margins! and that's with the CAN$ moving up 30 basis points on the June08
global veggie markets must be going nuts!!! 'cause of the midwest and Canadian canola! you know i haven't heard much about South American harvest and movement lately? maybe it wasn't all that, after all?

[Hopperbin]

Bean oil is still up in overnight but not as much as when first traded. July seems to be taking lots of pressure from farmer selling.

[cottonpicken]

On may 29 corn hit a low of 572,todays high 725.

21% gain in 14 days.

And anybody in their right minds wants to own bonds?Or average run of the mill mutual funds?

My posted corn target was 8.95 not 8.45.
Back on june 5.

And some people dont believe in technicals.