Canola Prices

farmaholic

Senior Member

Join Date: Sep 2010

Posts: 16978
#1

Canola Prices

Jun 5, 2017, 09:14

Canola waking up again... any predictions?

If growing conditions don't smarten-up "across" Western Canada you have to wonder how many 2018 stocks there will be?

Tick-tock-tick-tock-tick-tock.....time is of the essence
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farming101

Senior Member

Join Date: Mar 2011

Posts: 3924
#2

Jun 5, 2017, 09:34

November 17 Canola contract has been as high as 520 That seems like a reasonable target this month

AAFC says 350,000 carryout for 2017-18. That seems reasonable too. Razor thin considering the size of the canola market now
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Daylate

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Join Date: Oct 2009

Posts: 588
#3

Jun 5, 2017, 09:55

â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â† —â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â †—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†— â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â† —â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â†—â †—
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Partners

Senior Member

Join Date: May 2010

Posts: 3107
#4

Jun 5, 2017, 10:15

Depends on how much they need.
RP shutting down in yorkton at the end of the month.
Hauling our June contract to Wadena instead of yorkton.
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farmaholic

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Join Date: Sep 2010

Posts: 16978
#5

Jun 5, 2017, 10:42

If I was to price any new crop now, it would be just one more reason to have my head examined!
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Guest
#6

Jun 5, 2017, 19:15

Originally posted by farmaholic View Post

Canola waking up again... any predictions?

If growing conditions don't smarten-up "across" Western Canada you have to wonder how many 2018 stocks there will be?

Tick-tock-tick-tock-tick-tock.....time is of the essence

Shes no good here either. Little bit of canola thats up is getting mangled by flea beatles with lumiderm and whatever that other shit is called on the nexera
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fjlip

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Join Date: Oct 2002

Posts: 8702
#7

Jun 5, 2017, 19:28

Originally posted by farmaholic View Post

If I was to price any new crop now, it would be just one more reason to have my head examined!

The way this crop is starting out, lots of uncertainty, should be driving prices, but how could you gamble on growing much at all...
None priced yet...
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biglentil

Senior Member

Join Date: Jun 2015

Posts: 3034
#8

Jun 5, 2017, 21:37

Have a half or lentils that had a 100 acres buried by neighbours blowdirt in the late may windstorm, grew through, got buried and sand blasted for most the day again today. If your field is blowing every other ****ing day do something reseed, cultivate do something or ill do it for you. Am I wrong?

Last edited by biglentil; Jun 5, 2017, 21:49.
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biglentil

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Join Date: Jun 2015

Posts: 3034
#9

Jun 5, 2017, 22:22

Sry for derailing thread. A guy would have to be looney to be pricing new crop canola right now imo. If we are lucky its a replay of 2015 we get good rains in mid June and it runs 35 bpa. Thats best case scenario in my opinion. Worst case 2017 is the 50 year Jubilee event as per religious scholars of the bible and the combines stay in the shed.
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Partners

Senior Member

Join Date: May 2010

Posts: 3107
#10

Jun 5, 2017, 22:44

Yes canola looks fair to poor..but remember stats can will spin it into a bumper crop some how..
They are half brothers to THE USDA
you know.
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