China and canola

[farming101]

The crush margin doesn't give a guy any real good numbers to gauge profitability for the crush plants.

It is a reference that allows the industry to compare how they are doing against the soybean industry.

The margin took a $5CAD hit last Friday. It's at $65.30/t CAD as of last Friday.

[farmaholic]

Wiseguy...put your post back up!

"They are busy at the clubs right now"....??????

A bit early to be celebrating Chinese New Year(Feb 5th 2019)! What's your thoughts on 2019 being the year of the Pig. The Pig is the twelfth sign in the 12-year cycle of the Chinese zodiac.....and how does it affect grain prices. In your opinion.

[farmaholic]

101, I seem to remember it being even lower than that and alot higher.

So was the index kinda useless?

[farming101]

No, I wouldn't say it's useless, but it is necessary to look at the formula to figure out why it is moving higher or lower or why it is really high or low and decide whether that makes any difference to farmgate prices.
Oil content levels and basis for the seed, oil and meal make a difference to actual profitability

[farmaholic]

Happy New Year Mr China man !

2019 year of the pig, an animal which synbolizes wealth !

Farma just a matter of time before you get your $ 12.00 a bushel !

Happy Gambling !

Chow !

This pig is barely treading water.



Greedy market pigs get slaughtered.



This little pig is selling canola and cried wee wee wee all the way home.

Because canola will reach $12 this year when...

[farmaholic]

And then there's Farma in his brick house in the Ghetto, were the strongest market winds, huffing and puffing, won't blow his house down, those winds won't blow over his house but they do drive him crazy!

[farmaholic]

Wiseguy....The canola stays in the bin til the bank phones...



I don't buy "paper" bins!

[the big wheel]

Paper makes them money !

Bins Makes Farmers money !

Yes metal is going up more than canola,
give canola to input gang keep the bin adjust your balance sheet accordingly. Hahaha

[Misterjade9]

Thanks Errol, I know it is a tough one to analyse because it mostly depends on what side of the bed the Chinese get up on each morning. It seems like every time canola gets a bit of traction it just can't quite get up over that hill of resistance, it has all these anchors tied to it's ass. The fundamental ones are easy to see, the political ones not so much. Yesterday U.S commodity gurus seemed to think that tonight's State of the Union address will be bullish for the grain trade, so I guess we will see.

Chinese bought American beans over the weekend, so possibly a good sign.

[jazz]

Chinese bought American beans over the weekend, so possibly a good sign.

Chinese respect authority like trump because their survival depends on it, but Canada is a small weak naïve player and is about to get rolled. We have to extradite this lady now, ban that technology and crack down on illegal funds and drugs coming onshore from china. There is a good reason that the US included clauses in the USMCA agreement that prohibit Canada from cozying up to hostile powers. Canada would be nothing without the states.