When is the best time to sell your canola

[Burbert]

When the price is good. Ya don't have ta
babysit the shit over winter then spring.
Ya'll never go broke makin a profit. Hold
it to long you'll get conspiated, butt
again who wants ta die of the
sh_ts......Duhhhhhh

[Hopperbin]

i am sure we all had the heated experience how
manuy of us work that in, i like to do it anyways
emptying the peas and wheat bins cause that
was where the money was on my farm , will be
leaving my canola till january for pricing unless
something comes up hoping meal will actually
push our up a bit also are we not supposed to
trade at a premium to soy meal

[Hopperbin]

i am sure we all had the heated experience how
manuy of us work that in, i like to do it anyways
emptying the peas and wheat bins cause that
was where the money was on my farm , will be
leaving my canola till january for pricing unless
something comes up hoping meal will actually
push our up a bit also are we not supposed to
trade at a premium to soy meal

[charliep]

Canola meal actually sells at quite a discount to soybean meal - lower proteina and energy. It does have a fit in dairy rations.

<a href="http://fr.canolacouncil.org/oil-and-meal/canola-meal/dairy-and-beef-cattle-diets-with-canola-meal/dairy-rations/>"canola meal in dairy rations</a>

Where the premiums are is on the canola oil versus soybean oil. Canola benefits from low transfat and low saturated fats - a health trend in North America. Interesting as well, most canola oil exported to the US is refined (added value). Canola oil sold to China is unrefined at a more competitive world price (read palm oil).

[charliep]

Try again.

<a href="http://fr.canolacouncil.org/oil-and-meal/canola-meal/dairy-and-beef-cattle-diets-with-canola-meal/dairy-rations/">canola meal</a>

[Hopperbin]

There could be a reduction in planted area next year also if feed grains hold up and I don't see them dropping any time soon. So canola may need to buy the acres this spring. How is the ethanol consumption doing Charlie? USA and Canada. Dupond trying their best to sell me a new variety of RR I have not purchased seed yet. Hard to figure with the buffet of programs and discounts but the price is around 7 bucks a pound. Since our futures tend to be a mixture of Soy meal and soy oil price how much upside of futures can we get to? The crush plants were built cause there was lots of profit and cause someone wants the oil and meal in my opinion.

[charliep]

Lots of questions that are relevant and have me scratching my head for next week.

I think western Canadian farmers will have lots of opportunities in all crops next year. That means a good year to warm up your budgets and look at agronomics issues like crop rotation.

My poker big picture ideas.

Oilseeds will continue to have the strongest demand outlook unless everything goes to hell in hand basket. I think we could grow a 15 MMT canola crop in 2013 with minimal impact on prices. Will we do it? No idea.

Feedgrains are crops at most risk right now. Will get yelled out for putting out big numbers early but 100 million acres of US and 160 bu yields combined with a North American livestock industry that is dropping in numbers and a world market that will feed other things than US corn/the signals to increase production. You will have to tell me how barley fits in your rotations/budgets. Ethanol will be there next year but reduced fuel demand/risks of reviewed mandates add uncertainty.

Wheat is the biggest wild card in my mind at the moment. Lots of interesting stuff bubbling around the world at present but North America has yet to kick in in terms of exports. The world has the ability to kick up wheat production with caveat most Northern Hemisphere wheat is winter/already planted.

Nothing really exciting on the pulses except will be a follower. What gets me excited is the growin market in China and some of the new uses in North America as a health product. They may be the next cinderella crop.

[cottonpicken]

How much rain needs to fall from here till harvest to
hit 160,with sub soil at or near 0?

Not being a smart ass would really like to know a ball
park figure.

[bucket]

charliep

I don't think 160 bpa is in the cards. The US is very moisture short, basically it would have to rain every third day after seeding to make a crop like that. Basically what happened to us in 2010 to make a huge corn crop.

Might 140 bpa average to start the 2013 US corn crop at.

[charliep]

You may be right. 160 bu/acre is a trend yield. Regardless you are talking a 13 to 14 billion bu crop with a 160 bu crop about 14.5 billion bu crop. A long ways to seeding.