Gee China is coming back for Canadian Canola. What did skippy sacrifice for this.

[tweety]

Maslows hierarchy of needs, food, shelter, clothing. In a crisis people revert to these needs - not trips to Maui - but toilet paper and flour and rolled oats. Food is going to go up, plain and simple.

So be sure to lock in all new crop sales as soon as possible. We don't want to see the exporters suffer during this crisis.

[farmaholic]

Keep the spring threshed separate. $650 FOB farm gate

USD

Why did you wait so long to tell me this?

I priced out most of the old crop last week or so.

Specialty canola with a locked in basis and open futures.

My theory was the canola market would see pressure from the looming spring thrash.

Who knows? I felt the local basis' could get hit but the futures might do it's own thing(more things affecting it than local backyarditis).

Futures up about twenty cents a bushel in the last two days but today isn't over yet either.

Alot of spring thrash canola will be looking for a home quickly, cash flow and people will just want to get rid of it.

I thought it would trade range bound to lower. But could you say the last two days have broken out of the range of the last 8 weeks?

Where does it go from here?

In my opinion "posted" local cash bids and future delivery bids aren't "stellar", basis still kinda wide in some locations and months(read the signals). Sometimes phone calls even reveal a different story. "Market" your grain....

[SASKFARMER]

Also which elevators got advanced knowledge of this happening and bought lots of canola the last month. Yea insiders make and farmers get the shaft. Follow the money boys.

[wd9]

Canola should be $20 bushel for those ****ers

And we'll still get 10.

[furrowtickler]

This is a good thing for the fall of 2020 and next years crop, maybe, but what did skippy and company give up for this that is the question.

Wahway 5G

[SASKFARMER]

I think the USA learned a big lesson get all manufacturing home and quit counting on china.

[Robertbarlage]

Maybe Chinese now that the world is going to do a 306 against them soon

[SASKFARMER]

This is a good thing for the fall of 2020 and next years crop, maybe, but what did skippy and company give up for this that is the question.

[SASKFARMER]

I agree they played the perfect hand and JT took the bate hook line and sinker.

Farmers got hurt in a year we could have filled all the needs when the USA shut down china. For once Candian farmers would have got a few bucks to get ahead. Grain companies still would have made the most for doing nothing but elevating and putting it on a boat.

Nope, skippy made sure we lost and then gave us more ****ing loans.

[farming101]

You bet. Positive waves is what we need right now.
Something to compensate for my auction sale withdrawals. Not the same online