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

[Robertbarlage]

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

[SASKFARMER]

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

[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

[wd9]

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

And we'll still get 10.

[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.

[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....

[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.

[Oliver88]

Sounds like China released fake news as a trial balloon. Apparently it’s just an extension of the blackleg issue.

At least they haven’t released a virus on us this month. 🦠

[bucket]

The do gooders of the liberal party should be taxing those that collude to make money on this while lending farmers more to barely make the cost of production on their crops

[farming101]

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....

Hope you know I was just making a silly comment
Prior to covid-19 your take on the future was likely what is going to happen. It might still be the most likely scenario. Too much hitting the market at once has always produced a predictable result. Lower prices and wider basis. Supply chain integrity may have an influence on price direction as time goes on too

Just for fun lets see if tomorrow RSN20 takes out 485.20. that will offer a bit of a clue as to whether optimism or caution is in order