Seasonal Canola

[farmaholic]

The green horns(bulls) are taking some back from the red bears today.



VERSUS



is it ok to LOL your own post?

[malleefarmer]

$577 on farm yesterday Export based worked n7mbers back to real number. Plus oil bonification of course can add big bucks with good oil.

Edit traders tell me not much happening stand off at moment. A 8.5\10 price historically so quite good.

Most farmers got 10% of production sold maybe more but little bussiness done in last month. All waiting for magic 630 port number or 600 on farm then theyvwill be swamped and they know it.

Smart canola producers have targets in mind 598 on farm and the tranche up 610 avoiding the magic 600 number.

Me im a low yield lowcosts small canola grower 330 ha in total basically warehouse look at afternnon prices may price each nightvwhen i get in no super smart mark3ting unless you guys here spark something in my thought process to hold.

[malleefarmer]

Err if canola does get to 600 plus on farm might buy a new IPad..........l

You guys are tolerant no grammer police on here. And you can dechiper.

[farmaholic]

$577 AUD/tonne farmgate Canola, equals $12.34 CAD/ bu ?????

[farming101]

$577 AUD/tonne farmgate Canola, equals $12.34 CAD/ bu ?????

Check. I think Mallee said he's expecting about 1 - 1.3 t/ha. Course I think he also said they can use their own seed so that helps

[malleefarmer]

Check. I think Mallee said he's expecting about 1 - 1.3 t/ha. Course I think he also said they can use their own seed so that helps

Correct 100%

Plenty of australia get 3 t per ha

Still try to get my head around your marketing posts err not you in person 101 collectively, so we sell canola into exact same mnexport markets as you but we must have huge blue water advantage and bronwn dirt advantage as they say.

Our differences in prices can be nothing more

[Guest]

Err if canola does get to 600 plus on farm might buy a new IPad..........l

You guys are tolerant no grammer police on here. And you can dechiper.

That was grassfarmers job
Kinda miss him all the same

[farmaholic]

Which way this week?

A choppy sideways pattern deciding which way to go?

Got about $20 carry between Nov and July again.

See what speculators do.

I guess I'm one too with canola unpriced in the bin.

[farming101]

Wouldn't be surprised to see it drift lower a few bucks this week.

Speculators might take a break.
To watch for: Moves below 527.50, then 521. Moves below 527.50 could set up 529 as resistance(July contract)

[farmaholic]

I would think and hope the bar has been raised for the whole marketing year and we are in a new trading range.

The Canadian supply is in, let's see if we can muster more demand without lowering prices.

Would be nice if both Europe and China provided strong demand but markets might have to chew through Aussie supplies(with their cheaper currency)before we see stronger prices?

It's hard to get excited about committing to 2021 canola seed as dry as it is in the Ghetto, sounds like this might be a bit bigger than "Ghetto backyarditis". Tapped out. But people said we never lost next year's crop in October. Well people are claiming field work, other than spraying or harrowing is "hard"(and dry) to do. Heard some people say anhydrousing might be on hold.

Pay attention to moisture conditions in grain producing countries of the world.....both exporting and importing(countries that grow alot of grain but still need to import).

[furrowtickler]

ADM in Lloydminster has been up to $11.50 , so it has show some life at times
Agree probably drift lower for a bit as harvest weather looks to get most of the canola in the bin . Not sure about central and northern Alberta though .

[beaverdam]

Would be nice if both Europe and China provided strong demand

For a decent sale, you always need two bidders at an auction.

[Hamloc]

ADM in Lloydminster has been up to $11.50 , so it has show some life at times
Agree probably drift lower for a bit as harvest weather looks to get most of the canola in the bin . Not sure about central and northern Alberta though .

Finished canola yesterday Furrow, east of Red Deer. Most farmers in the area getting near the end. Personally canola yields are down 7 bushels per acre from last year. Low areas being too wet hurt yields. Have talked to a couple neighbours that are getting better yields than last year. No consistency.

[AlbertaFarmer5]

Finished canola yesterday Furrow, east of Red Deer. Most farmers in the area getting near the end. Personally canola yields are down 7 bushels per acre from last year. Low areas being too wet hurt yields. Have talked to a couple neighbours that are getting better yields than last year. No consistency.

How rare of an occurence is that for your area? I thought you guys almost couldn't have too much rain. As opposed to here, where too much rain takes yield basically every year.

Really not looking forward to canola here. The drownout areas are depressingly large.

On the other hand, the low areas are in full flower now, still no killing frost.

[farmaholic]

Hammy and AF5, sorry to hear your glory holes are disappointing you.

In the Ghetto, disappointment gets evenly dispersed across whole fields.