Seasonal Canola

[beaverdam]

Latest Hurricane Sally turned out to sea again without bring moisture to the midwest. Every hurricane this season has quickly turned east after making landfall, and have not brought rain to midwest crops.
The midwest is getting uncomfortably dry, bods well for firmer prices for the long term.

[Partners]

A question...how many farmers can participate in this rally with physical bushels?

99 % of canola in bin.
Selling some at 11.50.
Just incase ..

[jazz]

All binned and just waiting. Moved a bit today for space.

Anyone with cajones to store until Q2 2021 is going to make like bandit.

[farmaholic]

99 % of canola in bin.
Selling some at 11.50.
Just incase ..

We're about 25% priced and.did start a little too early.

Hope to average up yet . 😉

[Partners]

All binned and just waiting. Moved a bit today for space.

Anyone with cajones to store until Q2 2021 is going to make like bandit.

Maybe?
When the 2nd or 132 wave hits the price will drop 20 bucks a day..
Or turdo opens his mouth?
No guarantee in this country.

[farming101]

Resistance?

[biglentil]

I have a tough time accepting that this is a parabolic blow off top in canola. Adjusted for the expansion in M2 money supply since 2008 the money supply adjusted high in Canola is approximately $2000/ton. Might sound crazy but give it a year or so, the chickens always come home to roost.

[farmaholic]

Re: Chart...

Geez, I've don't think I've seen as many tangents on Agriville topics.
Is the rally "red lining" it and going to self destruct.
And parabolic it is.....

I have also seen some ugly moves down before.

Down quicker than the parabolic move up but not as low as the parabolic move up. But the market can lose alot of value FAST.

Maybe we need to be talking and thinking about "limits" DOWN. And don't say it won't or can't happen.





It gave me something to think about.

[farmaholic]

I have a tough time accepting that this is a parabolic blow off top in canola. Adjusted for the expansion in M2 money supply since 2008 the money supply adjusted high in Canola is approximately $2000/ton. Might sound crazy but give it a year or so, the chickens always come home to roost.

......then how much should be be paying for fert based on that premise?

I don't want to send this thread off on a "tangent" but REALITY NEEDS TO BE CHECKED.

what factors are present to sustain moves up or maintain the gains. Or what factors could cause the market to fall or "correct".

[farmaholic]

Some are caught in trap !

10 $ contracts aren't hauled yet and spot is 11.50 !

Who knew?