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Seasonal Canola

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  • farmaholic
    Senior Member
    • Sep 2010
    • 17478
    #81
    Originally posted by farming101 View Post
    China spot price for ****seed oil set a new high today...China ****seed oil futures inverted out to July 21 contract. No carry
    I wonder if Canadian canola futures will get inverted yet.

      Comment

      • farmaholic
        Senior Member
        • Sep 2010
        • 17478
        #82
        Originally posted by wiseguy
        **** the futures !

        What are you waiting for !

        Sell er theys just playing with yous !
        Huh?

        Don't pay attention then.

          Comment

          • farmaholic
            Senior Member
            • Sep 2010
            • 17478
            #83
            Originally posted by wiseguy
            The futures mean **** all its the net price they pay you !

            A click of the computer can make er 11.75 instead of 10.75 !
            Agreed but it's definitely a part of the equation.

            Especially if you already have a locked in basis on committed tonnage.

              Comment

              • Oliver88
                Senior Member
                • Dec 2012
                • 4688
                #84
                Originally posted by wiseguy
                The futures mean **** all its the net price they pay you !

                A click of the computer can make er 11.75 instead of 10.75 !
                Good tool to use for sure.

                  Comment

                  • Partners
                    Senior Member
                    • May 2010
                    • 3105
                    #85
                    Don't expect prices to sky rocket.
                    I am sure turdo will piss someone off.

                      Comment

                      • bucket
                        Senior Member
                        • Jan 2008
                        • 17024
                        #86
                        Originally posted by Partners View Post
                        Don't expect prices to sky rocket.
                        I am sure turdo will piss someone off.
                        Prices will rise for the middleman handling our grain between the west coast and the end users. ...

                          Comment

                          • farmaholic
                            Senior Member
                            • Sep 2010
                            • 17478
                            #87
                            Originally posted by biglentil View Post
                            If you have targets move em up or pull em completely. They are short and China is hungry if we all band together and refuse to sell we could move the market to its fair value in the $13-14 territory. This harvest happy hour bullshit needs to stop imo.
                            Ah yes, the infamous targets. Just hanging there in LIMBO on the sacred tree of Target Prices....where all the low hanging fruit gets picked first. Then the higher fruit is left to the fate of a staring contest.

                            It's a fùcken schtoopit one sided deal.

                            Increase the target well above the current market or pull them.

                            On another topic stated above. "GrainCo pre-sold grain", be it old crop carry forward or new crop. How can you sell something you don't physically own? Would hate to be on the wrong side of that. Could hurt, or at least they can "try" to pass the pain onto growers with below market price values.

                            This commentary is worth exactly what you paid for it, nothing....its just an opinion.

                              Comment

                              • bucket
                                Senior Member
                                • Jan 2008
                                • 17024
                                #88
                                Where are we at with this thread....canola at 532 for january...wasnt 519 resistance?

                                  Comment

                                  • furrowtickler
                                    Senior Member
                                    • Dec 2004
                                    • 21871
                                    #89
                                    ADM LLOYD BIDS: RSX UP $9.30/MT: SEP/OCT $11.34...NOV $11.57...DEC/JAN $11.72...FEB/MAR $11.87...APR/MAY $11.98...JUN/JUL $10.97...SEP/OCT/NOV FALL OF'21 $10.96

                                    Farma your charts are showing their teeth 👍

                                      Comment

                                      • farming101
                                        Senior Member
                                        • Mar 2011
                                        • 3954
                                        #90
                                        Originally posted by bucket View Post
                                        Where are we at with this thread....canola at 532 for january...wasnt 519 resistance?
                                        Ya 519.50, next was the Sept 14 high of 530.90.

                                        Next could be around 542.30. Resistance is just that, resistance. It is not a target to shoot for to make the next sale.

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