Veg oil markets

[farming101]

Bean oil continuous highest close since April 23
Palm oil about the same

[farmaholic]

Bean oil continuous highest close since April 23
Palm oil about the same

I noticed canola had afew up days in a row too?

Why? Not that I don't think its warranted, but why?

High tide raises all ships...what is driving it.

Is there any bullish news that would indicate it can keep going?

[biglentil]

I noticed canola had afew up days in a row too?

Why? Not that I don't think its warranted, but why?

High tide raises all ships...what is driving it.

Is there any bullish news that would indicate it can keep going?

Im grasping at straws but maybe with China's ban on all U.S. ag products the market anticipates China reversing its position on Canadian canola.

[the big wheel]

Maybe somebody has been getting higher prices all along. There is a story about canola oil going through countries that don’t have any canola plants. Ending up in China.

[bucket]

Maybe somebody has been getting higher prices all along. There is a story about canola oil going through countries that don’t have any canola plants. Ending up in China.

Pretty hard not to believe this wasn't just market manipulation to lower canola price because I suspect the crush margins are fan...fu..cking...tastic ..


And as much as those new markets were helped along with 150 million dollars none of its coming back to primary producers. ...

[biglentil]

Maybe somebody has been getting higher prices all along. There is a story about canola oil going through countries that don’t have any canola plants. Ending up in China.

Thats not a maybe thats a guarantee. From what I understand plants in China prefer Canola over beens due to canola's significantly higher oil content. Business as usual for them just at a higher profit margin.

To get around Trumps tariffs Chinese manufacturers put 'made in Taiwan' stickers on their goods.

[farmaholic]

You guys mean buyers thought $12 farmgate commodity canola was too much money for us peasants?

[biglentil]

Or maybe Canola's rallying because they saw my crop getting the flowers blasted off.

[farmaholic]

Or maybe Canola's rallying because they saw my crop getting the flowers blasted off.

Nah.....unlimited carry forward and an average crop in the field.......so "they" say.

[beaverdam]

Canola crush margins from ICE;

Aug 8th.>Nov/Oct $84.52
Aug 8th.>Nov/Dec $89.86


A year ago;

Aug 8th.>Nov/Oct $37.17
Aug 8th.>Nov/Dec $40.49


Here's the link(I think 101 gave it to me),
https://www.theice.com/marketdata/reports/2 https://www.theice.com/marketdata/reports/2

You have to do a captcha, then click accept, then you'll have all the numbers.