Canola Puts

[farming101]

Update on the put values

[crusher]

Scouting some canola for preharvest spray in the pickup. Drove half way across the field to get to any plants. I did that on 3 fields. 50 last year, lucky for 30 this year.

[TOM4CWB]

Scouting some canola for preharvest spray in the pickup. Drove half way across the field to get to any plants. I did that on 3 fields. 50 last year, lucky for 30 this year.

I feel your pain Crusher! I have NOT seen Canola crops this short in Edmonton area since 2002...

Even our Soybeans are 30% drowned out... and the rest are not pretty... will be interesting to see how they do this year... if frost holds off...

[errolanderson]

With the recent canola rally . . . Hedgers note: January canola $520/MT put options now trading for $13/MT today.

Jan canola strike price $520/MT - put option premium $13/MT = $507/MT ($11.50/bu) - fall delivered basis. Tool for those want to protect recent futures gains without production/delivery commitment.

[Guest]

Viterra is predicting 20MMT production for canola. This equals 44.5 bpa.

Reasonable?

ABSOLUTE FU-KIN HORSESHIT (sorry horse)