RSF9

[farming101]

What other fundamental factors could push it there?

The first two weeks last August had May and July futures fluttering around $525/tonne. $529.10 w/o a basis is $12.

No one knew what the crops were going to total at that time. Also EU crop was smaller.
I think it all depends on how 2019 shapes up. Not much else is going to push it to 12.
Producer deliveries could slow for a while supporting prices but it usually doesn't translate into a whole new level higher when it's still in the bin.
Reports are circulating of a smaller Brazil soybean crop. Should help stabilize prices. Argentina's smaller crop last year helped the oilseed complex prices

[Oliver88]

65 cent $ will get us to $12 CDN canola. 😊

[farming101]

65 cent $ will get us to $12 CDN canola. 😊

Could try that. Falling from 78 cents in October didn't have the desired effect.
Also the CAD would have to quit going up first.

[farmaholic]

How many days on a chart before the commodity can be considered range bound? Is May and July there yet?

[makar]

My 35 green canola i cant sell unless i pay for the truck to give it away, good thing most of it is rotting in the field, i am not watching markets much.

[farming101]

My 35 green canola i cant sell unless i pay for the truck to give it away, good thing most of it is rotting in the field, i am not watching markets much.

#2 and #3 canola received at the export terminals is already 27% higher than all of last year. Week 22 report.

[farming101]

How many days on a chart before the commodity can be considered range bound? Is May and July there yet?

The downtrend since May/18 has capped every rally.
Nothing doing until there are some closes above that line.

[MBgrower]

Could try that. Falling from 78 cents in October didn't have the desired effect.
Also the CAD would have to quit going up first.

Same thing when the CAD went to 1.10 USD, most retailers didnt lower prices.

[farmaholic]

Im counting on your 12 bucks !

How many years are you willing to store it?

[Rareearth]

Viterra has $12 for June July