Corn

[farming101]

Limit up tonight? Forgot Memorial day tomorrow. Tuesday....

Will test 4.35 ZCN for sure this week I'm thinking
Wheat will follow

[Guest]

Talked to a fellow i know in southern ontario . He usually seeds in april and hasnt seeded anything just too wet. There will be a whole lot of acres missing or light

[farmaholic]

Is that black swan swimming in flood waters?

Will be interesting to see what Canadian prices do in the shadows of the Amerkin market.

[farming101]

Well it didn't go limit up but there are now 2 consecutive gaps on the July corn chart. Price hit 4.365 this evening. Wheat chart similar.
Silly as it sounds we don't need a third day gap higher.
Steady as she goes. A small 5% pullback here could set the stage for the next leg higher.

[Guest]

evening 101
i think there will be a few co's here offering $10 for canola tomorrow if nothing changes , what are your thoughts? take some ?

[makar]

Who cares it to late for me, loading canola as we speak for four bucks. Pioneer said i am getting screwed, i know, but price in the sky dont bank.

[furrowtickler]

evening 101
i think there will be a few co's here offering $10 for canola tomorrow if nothing changes , what are your thoughts? take some ?

Got texts today for $10

[farming101]

This is a weather market.
When the weather changes, so will the prices.

A short term buy has appeared on the Canola charts. This may allow for more upside yet but just cannot say there will be huge increases.

Stocks in commercial positions are quite low historically. With seeding out of the way that may change.

2019 crop prospects are a huge factor already. Might not even turn the key on the combine this year if things don't smarten up. That changes a guy's outlook for marketing old or new crop immensely.

Old crop, $10 should be widely available. $10.20 may be a short term top. Understand that could change tomorrow. It's day to day.

[Hamloc]

Both corn and soy planting way behind in the US with more rain in the forecast for this week. Later planting should affect yields.Too wet in the US and certainly areas in Canada that are too dry.

[Guest]

This is a weather market.
When the weather changes, so will the prices.

A short term buy has appeared on the Canola charts. This may allow for more upside yet but just cannot say there will be huge increases.

Stocks in commercial positions are quite low historically. With seeding out of the way that may change.

2019 crop prospects are a huge factor already. Might not even turn the key on the combine this year if things don't smarten up. That changes a guy's outlook for marketing old or new crop immensely.

Old crop, $10 should be widely available. $10.20 may be a short term top. Understand that could change tomorrow. It's day to day.

Thanks 101 , for the reality check !
Kinda what i thought
First one hit this morning
Unfortunatelt $10 will open a lot of bin doors