Canola Today?!

[bucket]

Sub 450 May?
Dollar bad day, 30 some ships on west coast. No need to bid up Canola.
Everybody have their 2019 production hedged? Or maybe some seed to cancel?

30 boats....what's the problem???????

[jazz]

30 boats....what's the problem???????

They are probably waiting to take it for $8 because that's where its going without china in the market.

[ajl]

Was ready. Mostly sold out of 2019 crop. Notified seed dealer might not take seed. Go back to flax.

Wonder if our new Quebec ag minster is prepared to deal with the Chinese.

Are you suggesting a little tariff on some Chinese products jazz? Only the big bad president does stuff like that. I think a little tariff might go a long way, after all the Chinese do that themselves.

[jazz]

Are you suggesting a little tariff on some Chinese products jazz? Only the big bad president does stuff like that. I think a little tariff might go a long way, after all the Chinese do that themselves.

No we cant do that. We have to export our resources that's our wealth but we have to import cheap Chinese junk because our labour is too expensive to make anything here and our manufacturing base is shrinking. We are stuck and we should have put ourselves under trumps wing as the new trade order is written but our childish leaders torpedoed that option when they treated him so badly so Trump is going to love watching us twist in the wind.

[Marusko]

Bring on the $8 canola and $5 wheat. I'm tired of being priced out of the land market. Time to snip the horns off the land bulls.

Or at the very least, time to get clubroot farmers to put something else in their rotation!

[macdon02]

Bring on the $8 canola and $5 wheat. I'm tired of being priced out of the land market. Time to snip the horns off the land bulls.

Or at the very least, time to get clubroot farmers to put something else in their rotation!

Beans tested '09 lows last year, that's this year's canola target here.

[AlbertaFarmer5]

Beans tested '09 lows last year, that's this year's canola target here.

In what currency? 09 lows in CAD vs. in USD will equate to much different results in 2019 dollars.

In general, I've never really comprehended how to separate out the currency effect vs. the commodity(for example) in a chart. X vs. Y axis.

[farming101]

October 7, 2009 RSX09 hit 365.20. That would leave a mark...

China has taken about 25% of the grains Canada has exported so far this year. Barley, Flax, Wheat, Canola and Pea markets would be a mess otherwise

Cut back on Canola. I'm sure the Canola council wasn't thinking of putting Canadian farmers in the poor house when it suggested production should hit 26 MMT by 2025

[fjlip]

"Bring on the $8 canola and $5 wheat. I'm tired of being priced out of the land market. Time to snip the horns off the land bulls."

Means your net worth will drop too, no win situation. Lenders will be gun shy, nobody happy.

[fjlip]

October 7, 2009 RSX09 hit 365.20. That would leave a mark...

China has taken about 25% of the grains Canada has exported so far this year. Barley, Flax, Wheat, Canola and Pea markets would be a mess otherwise

Cut back on Canola. I'm sure the Canola council wasn't thinking of putting Canadian farmers in the poor house when it suggested production should hit 26 MMT by 2025

Whether the markets cut production or club root, industry as a whole suffers. Seed/chem companies, elevators, railroads. Less canola = less Ag value.