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what’s Canola worth?

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  • sumdumguy
    Senior Member
    • Mar 2007
    • 12008

    what’s Canola worth?

    $9:15 here
  • farmaholic
    Senior Member
    • Sep 2010
    • 17483

    #2
    Originally posted by sumdumguy View Post
    $9:15 here
    I guess that terminal doesn't want any.
    Head the signals.

    Comment

    • the big wheel
      Senior Member
      • Mar 2017
      • 3860

      #3
      Oh my God you’re so lucky!
      According to some very trusted sources on this forum if you get less for your product that is much better because if you got more your land rent would immediately go up. Equipment fuel would all go up. Awesome thanks for posting.
      If it wasn’t for the trade problem canola would be well into 11.50 due to the harvest losses. Man this is going to save us!!!!

      Comment

      • Partners
        Senior Member
        • May 2010
        • 3105

        #4
        Just wait.
        If forecasts are right most of the stuff guys are swathing now will be next springs project.

        Comment

        • TASFarms
          Senior Member
          • Feb 2014
          • 1357

          #5
          $9.30. Here. If Canada didn’t mess up with the Chinese exc. the would have been closer to $14. But who ever sets the price in the price of canola said it would in the mid $9s this fall

          Comment

          • the big wheel
            Senior Member
            • Mar 2017
            • 3860

            #6
            Originally posted by TASFarms View Post
            $9.30. Here. If Canada didn’t mess up with the Chinese exc. the would have been closer to $14. But who ever sets the price in the price of canola said it would in the mid $9s this fall
            And is most of it going to China via other countries? I know conspiracy theory but it has been reported by many news outlets?
            What price are they getting?

            Comment

            • macdon02
              Senior Member
              • Sep 2007
              • 1858

              #7
              Originally posted by the big wheel View Post
              And is most of it going to China via other countries? I know conspiracy theory but it has been reported by many news outlets?
              What price are they getting?

              Comment

              • seldomseen
                Senior Member
                • Sep 2010
                • 2032

                #8
                Our local Richardsons is 9.52 if delivered by Thursday.
                Bunge Nipawin 9.17 Sept. delivery

                Comment

                • AlbertaFarmer5
                  Senior Member
                  • Oct 2010
                  • 12564

                  #9
                  Originally posted by macdon02 View Post
                  2390 RMB works out to $454 CAD per Metric Tonne for meal in China. Nov futures for canola seed is $449. Dec soybean meal is at $300 USD (397.88 CAD) per ton. That would be $438.70 per Metric Tonne. Not much of a premium in China by my math?

                  Comment

                  • the big wheel
                    Senior Member
                    • Mar 2017
                    • 3860

                    #10
                    Originally posted by AlbertaFarmer5 View Post
                    2390 RMB works out to $454 CAD per Metric Tonne for meal in China. Nov futures for canola seed is $449. Dec soybean meal is at $300 USD (397.88 CAD) per ton. That would be $438.70 per Metric Tonne. Not much of a premium in China by my math?
                    That info your working on states Canadian canola ? Why are all our grain companies saying they aren’t selling any canola to China? Do you have the numbers for the under the table deals that are happenning to allow the trade to occur at those prices? It’s a different system there a few players control the whole thing.
                    The canola that goes through other countries I wouldn’t expect there to be a label stating hi folks this is Canadian canola going trough x country ending up in China. And that isn’t bought on that exchange or is it? If it is then we can reveal also this is a scam to lower prices because the demand is still there. The other scam part is where crushers here are able to purchase this cheap canola that shouldn’t be this cheap correct or no?

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