March Canola

[Oliver88]

Errol, why are you thinking China slows soybean purchasing after January 20th?

[errolanderson]

Oliver . . . believe China has been on an accelerated purchase pace with more that 3/4 of their entire year needs already purchased. Also, China is notorious to buy, buy, buy, then stop, stop, stop. The word 'cancel' is frequently heard at the end of their purchase cycle.

Also, believe the Trump / China trade tensions are just beginning. This may be a storyline for 2017.

[wmoebis]

By March there might be a lot less marketable Canola around. With the amount that is heating in the bins.

[FarmerSmuck]

Local terminal bought 75 loads of canola this week. 16 went home too much heated.

[Oliver88]

Oliver . . . believe China has been on an accelerated purchase pace with more that 3/4 of their entire year needs already purchased. Also, China is notorious to buy, buy, buy, then stop, stop, stop. The word 'cancel' is frequently heard at the end of their purchase cycle.

Also, believe the Trump / China trade tensions are just beginning. This may be a storyline for 2017.

I thought the trade element was what you were referring to, Trump has repeated the fact that USA has a huge trade deficit with China....also has mentioned currency manipulating.

I suppose the stronger USD also hurting China buying US soybeans as well. (Assuming Fed Reserve has 3 rate increases next ear).

[Guest]

By March there might be a lot less marketable Canola around. With the amount that is heating in the bins.

who in the world doesn't have opi cables in bins ? this mystifies me ? no bins come in our yard without cables or air