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Le# see the ugly Canola crops,

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    #41
    Originally posted by bucket View Post
    Don't talk stupid it's a huge crop coming...19mmt plus what 3mmt carry...for 22 mmt of canola....should be 8 bucks by the end of July or until it's held in the right hands. ...

    The dumb****led farmer. ..tm...
    I like your cynicism!

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      #42
      Canola market can’t be burdened by huge inventories too much, I signed a contract yesterday with a $0 basis under November for July delivery.

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        #43
        Originally posted by Sodbuster View Post
        Canola market can’t be burdened by huge inventories too much, I signed a contract yesterday with a $0 basis under November for July delivery.
        So if you priced today that would get you about 10 bucks for July 2020? Nov19- $445.80 or $10.11/bu. And you have to be priced by mid Oct? Unless you want to pay to roll...but that's alot of months between the contact month and the delivery month(unless the futures invert). I hope there is a weather rally before harvest. What do you want to bet that will get called early in the new year well before July 2020.

        Am I seeing this right? 101?
        Last edited by farmaholic; Jul 10, 2019, 20:17.

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          #44
          July 2019 now

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            #45
            Originally posted by Sodbuster View Post
            July 2019 now
            Thank you.

            Which GrainCo?

            A crusher or close to one?

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              #46
              Cargill Clavet crush plant

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                #47
                Was that a trip all the $10 target price 4hr special to fill the place up before summer shut down for maintenance?

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                  #48
                  Ya only one day. Closed at $10.14 Monday afternoon. Self-Haul price

                  Currently $9.87 July 19 delivery, self-haul

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                    #49
                    Here is for the morons who think the canola crop is coming back 320 acres not reseeded not spray till your out of money to recover just plain old kill the crop and call it a year.

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                      #50
                      On our way to Yorkton, alot of POOR canola crops.

                      Anyone in the know who wants to venture a guess on 2019 production?

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