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Originally posted by caseih View PostIm counting on your 12 bucks !
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Originally posted by farmaholic View PostHow many days on a chart before the commodity can be considered range bound? Is May and July there yet?
Nothing doing until there are some closes above that line.
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Originally posted by makar View PostMy 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.
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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.
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How many days on a chart before the commodity can be considered range bound? Is May and July there yet?
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Originally posted by Oliver88 View Post65 cent $ will get us to $12 CDN canola. 😊
Also the CAD would have to quit going up first.
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Originally posted by farmaholic View Post
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
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Originally posted by farming101 View PostNot hopeful right now for $12. A full blown drought by July might do it.
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.
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Guest repliedActually hopin for $11, lol
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Not hopeful right now for $12. A full blown drought by July might do it.
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