get ready to make some money

[TASFarms]

good to have filled the tanks in april.

whitecap up 16% today, 70% in 3 weeks.

Very strange how oil has gone up as the storage tanks around the world fill to the brim. If that’s was grain the price would still be going down

[canolacrazy]

sometimes it's good to look back. whitecap resources has doubled since i bought at $1.50/share in the spring, red lentils are getting close at around .30 cents, i nailed canola at $13. however i'm a little short on durum at $11 but heading in the right direction. hrsw at $10?
forget about that one. and oil at $75/barrel. in dreamland. however, with the crazy things happening in the world, we're not done with 2020 yet.

[Oliver88]

Overall canolacrazy had some very good predictions. I didn’t hear many people calling for $13 canola this year.

Very good on canola and oil company stocks. Wheat is the weird commodity that doesn’t want to significantly increase.

[ry0972]

Ya it is sounding like wheat prices will lag well behind all other crops through 2021 into early 2022.
Really not much if any premium for protein now.
A drought in North America may help prices but lower yields will keep $/acre returns low?
Not much for optimism in wheat markets.

[canolacrazy]

Overall canolacrazy had some very good predictions. I didn’t hear many people calling for $13 canola this year.

Very good on canola and oil company stocks. Wheat is the weird commodity that doesn’t want to significantly increase.

Thanks Oliver. sometimes it's better to be lucky than smart. i do enjoy it when people step out to make predictions on this site. makes for good conversation. always like to see errol's comments and others follow-up. Canola and soybeans leading the way, along with flax. i guess china is driving the market in everything. makes you wonder what they are up to.

i still like whitecap. seems like a well run company. their balance sheet is solid. they've already aquired two small companies since i wrote about them last spring. today, trading at $5.45/share. all analysts say should get to $6 with oil now hovering close to $60 wti. starting to generate a lot of free cash flow which should mean buying back their own stock, increasing dividends, or both.

I'm hearing new crop durum is now at about $8/bushel. Canola to $12. hard to not sell some at that price to cover some expenses of the combine.