Canola sales

[crusher]

Looking at a monthly canola chart, I see we are at 3 year highs. I'm about 30% sold. I think I'm going to sell another 10%. Hope it goes higher, I'll sell more. Other strategies??

[farmaholic]

As wiseguy would say, "lock the bins"! Is that a strategy? It may be...

Canola crush margin(if uou have any faith in that index) is about $120/tonne.

Canola being combined with ice in it.

Canola likely heating because of shit late harvest weather.

Cash flow?.....

[redleaf]

After seeing local bids late summer and early fall (I think the low might have been $8.70) anything over $11 sounded good to me so we are sitting over half sold. If everyone would just cooperate and send me some cash I would empty the bins and the price would skyrocket. Ha ha ha

[Grahamp]

As of last week 100% sold. Was thinking along the lines of first poster, selling into 3 year high is very nice.

[stonepicker]

Yep 100% sold. Sound logic as GrahamP stated.

[Partners]

At 11.50 it's way above our projections..so bonus.

The guys waiting for 12..will also wait for 13...14..15..etc.

[farmaholic]

Partners.... $11.66 for July at a local terminal today. $12.00 isn't too far off.

Only another $15.00/tonne if the basis remains the same.

[farming101]

11.87 may delivery for self haul to crush plant

[farmaholic]

......proximity to crush plant? Our "haul"(180Kms) with Tri-dem would get pricey!

.....and we seed in May=custom haulers. ;-)

[furrowtickler]

Lol , self haul in May ...
maybe 10% of the farms in western Canada have that option .
We did $11.50 for March , delivered .
But 101 your right , the best price usually available comes in May. But very few have time to do that, unless the crusher is next door to your farm.