Seasonal Canola

[farming101]

Is this going to be a year we see some positive basis sooner or later?

may del in Alta is near 0 now.

Not sure we'll see it in SK.

Resistance in Jan 21 at 552.50. Remember that is not something to aim for. Price will try to avoid it. If it hits or goes through, bonus. Support now about 538.

Open interest is falling fairly quickly.

[farmaholic]

No carry. Or very little. Near inverse. Changes throughout the trading session.

[Oliver88]

No carry. Or very little. Near inverse. Changes throughout the trading session.

When you factor in basis, it looks like June is roughly 60 cents higher than current price at crusher. Every location will vary for sure.

[Oliver88]

Up another $4 per tonne today....wow.

[malleefarmer]

Is my $583/84 plus oil which could easily add another $5.83 per 1% above 42.5% or 58.3 cents per .1% is this below you guys or on a par?

Nobody zero is holding canola soon as it down grid at the elevator it’s sold or done on way home by trucker or farmers via smartphone when weights come through.

Soon as I deliver to elevator weight and grade comes through instantly the minute it’s entered on computer at sampling stand.

Malt feed barley wheat canola beans oats lentils you name it instant

[farmaholic]

Is my $583/84 plus oil which could easily add another $5.83 per 1% above 42.5% or 58.3 cents per .1% is this below you guys or on a par?

Close to $1.40/bu higher than us at the moment.

$12.00 a little further out if your lucky. Maybe better in Alberta?

[Blaithin]

Seeing heated already. Guys are taking advantage of the weather change to flip bins and check them.

[furrowtickler]

Seeing heated already. Guys are taking advantage of the weather change to flip bins and check them.

Heated canola from this year ? Wow

[Blaithin]

Yes, this year.

[farmaholic]

I would think canola going in the bin very hot and maybe only marginally dry is as bad as going in tough.

3-4 combines in the field on a hot day and big bins..... aeration would be good.

Ours was cooled with aeration, not big bins either.

How do grain bags handle hot canola? They don't breathe. Do you leave the end open for a while?

[farming101]

July 21 very short term support/resistance

[farmaholic]

Oh Oh?

July down $3 now.

[farmaholic]

Oh oh, yikes hardhats required?

[farmaholic]

[ATTACH]6891[/ATTACH]

Oh oh, yikes hardhats required?

Fund technical driven profit taking?

[Oliver88]

[ATTACH]6891[/ATTACH]

Oh oh, yikes hardhats required?

Kaboom......wheat and canola down hard.