Seasonal Canola

[Guest]

lots of speculators got caught with pants down
everyone on here knew there was no carryover
elevators all over couldn't fill trains
sooner or later it had to catch up with their creative accounting

[Jay-mo]

11$ targets got picked up here in Manitoba this morning. Crops looking not too bad but just barely started into the canola. Over a dollar higher then last fall, hard not to just say screw it and truck it straight to town.

[Rareearth]

Brazilian Soybean Shortage Upends Seasonal Marketing: A Brazilian soybean shortage has flipped the seasonal marketing pattern upside down. DTN lead analyst Todd Hultman tells Brownfield the soybean market is challenging its highs for the year when it normally bottoms out going into harvest. “Typically Brazil has plenty of soybean supplies coming off a big harvest as they had earlier this year, and we would expect them to keep exporting at least deeply into the fall. But that wasn’t the case. They actually ran low on supplies earlier than usual, and that was signaled by the higher prices that we saw in Brazil in late July.” He says there is still a lot of downside risk and encourages producers to consider both old and new crop sales. Hultman says while Chinese purchases of U.S. soybeans are surging, China is still woefully below targets set in the phase one trade agreement.

[farming101]

Jan canola challenging resistance this am. Closes over 519.50 needed.
RSI14 @ 79.99

[furrowtickler]

Thank you for keeping on track on this commodify marketing thread 👍👍

[furrowtickler]

You and Errol provide much appreciated info
Not like half the garbage posted on this marketing thread .
Keep focused guys , Including myself lol , lots Going on right now in markets .
Canola jumped to $10.90 locally...... finally

[FarmJunkie]

They already know there’s a shit storm coming. Crops are ok in our area. No bumpers but other areas I drove thru yesterday that usually have big crops are very poor. Whether it was hail or drought. The crushers in Yorkton are gonna be suckholing for product this winter!

[SASKFARMER]

A month ago big specials 10.40 deliver now and today they have 11.

Con artists and the Bullshit big yields and carry over. Canada has a fu led up system of crop info.

[Guest]

You and Errol provide much appreciated info
Not like half the garbage posted on this marketing thread .
Keep focused guys , Including myself lol , lots Going on right now in markets .
Canola jumped to $10.90 locally...... finally

yes thanks guys ,this is very good insight for a marketing challenged fellow like myself , also!!
11$ immediate here yesterday
tech analyst also !

[WiltonRanch]

Looking for something to thresh. Took a sample of canola. No screaming hell. Hope it’s not indicative of the rest. ADM jumped harvest basis from 25 to 30. Said they have enough. BS