Canola old crop bloodbath

[farmaholic]

Local Terminal has basis shrinking and futures dropping at the same time! There's need but the basis adjustments are far from making up the drop in futures.

[danny W1M]

I wasn't talking basis, I was talking crush margins.

[farmaholic]

Both links don't "simply" copy and paste into browsers with results.

COPA Weekly: As of March 22

Crush 15.2% higher than previous week

Crush Capacity:
This Week...97.4%
Year ago...83.9%
YTD Capacity...90.2%

About 700K tonnes ahead of last year at this time.


AAFC price Quotes for Canola seed as of March17:

Saskatoon Par Region....$486.35
Vancouver Track...........$540.68
$ 54.33(this would be alot more than just the cost of Unit train rail freight to Vancouver)

[farmaholic]

Do fundamentals of Canola alone justify the future market prices?