Time to (hopefully) waste money on soybean puts?

[poorboy]

For those of us without a broker, is there an online broker in Canada that trades in options on canola, wheat and corn?

[TechAnalyst]

There may be others but RJO'Brien Canada offers online self directed brokerage services. They also offer broker assisted accounts at a reduced rate with you doing most of the trading. I believe the broker is just available to help if needed or place orders for you if you can't get online for some reason.

PI Financial is another firm working actively with Western Canadian producers on a full service basis.

One quick comment, if you are new to the process, you may want to consider working with a broker at least initially. The cost difference isn't significant unless you trade quite actively and they should be able to help you achieve your objectives.

Just keep in mind, if you only want to trade a couple of options per year, a good broker would likely want to help you with strategy but want you to follow the markets on a day to day basis yourself (with the vast amount of information available online).

Hope that helps...

[errolanderson]

For growers wanting longer-term canola price protection to try to take advantage of a seasonally narrower post-harvest basis . . . January canola $460 put options traded at $14/MT today.

January canola options expire around Xmas.

Jan $460 strike price - $14 put premium = $446/MT ($10.11/bu) floor - delivered basis into Nov/Dec.

No delivery or production obligation.

[farming101]

Nov 19 canola support at about 446. It will be tested

[poorboy]

There may be others but RJO'Brien Canada offers online self directed brokerage services. They also offer broker assisted accounts at a reduced rate with you doing most of the trading. I believe the broker is just available to help if needed or place orders for you if you can't get online for some reason.

PI Financial is another firm working actively with Western Canadian producers on a full service basis.

One quick comment, if you are new to the process, you may want to consider working with a broker at least initially. The cost difference isn't significant unless you trade quite actively and they should be able to help you achieve your objectives.

Just keep in mind, if you only want to trade a couple of options per year, a good broker would likely want to help you with strategy but want you to follow the markets on a day to day basis yourself (with the vast amount of information available online).

Hope that helps...

Thank you. Was just hoping for something fast. Most online things you send the money and can have things done immediately. 20 years ago when I had a trading account it took days to get the corportate paperwork done to get the account going.

[macdon02]

776 next target, if that lets go 656. Took out last year's low, sooo 3 more ****ing years of shit prices before a rally can be expected. This sucks donkey dick.