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Seasonal Canola

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    #141
    Beans up canola down, WTF?

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      #142
      Originally posted by farmaholic View Post
      Beans up canola down, WTF?
      11.50 probably priced a lot of canola....the graincos have to assess the plan of movement...so lowering the price will slow the contracts for a bit...

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        #143
        There was 12.00 canola friday in southern alberta fri for jan feb del.

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          #144
          Originally posted by mcfarms View Post
          There was 12.00 canola friday in southern alberta fri for jan feb del.
          crusher in Altona was 12.00 last week for feb/mar delivery.

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            #145
            Bump.

            ....in the road, or a pot hole?

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              #146
              Sure drops fast .
              Will be slow to recover
              Canola down 50 cents in a few days.
              Wht down 1 dollar a bushel in 10 days.
              Harvest happy hr sometimes has the best drinks.

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                #147
                Looking at Jan21, three gaps down, up off the 524 retrace, oversold. Up day tomorrow?
                Whether that means another run at the high, I'm not sure...

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                  #148
                  Someone put a torniquet on the canola market.... stop the bleeding.

                  I think the whole market board is red this morning.

                  Comment

                    #149
                    Well I don’t think the Chinese will cancel as many soybean purchases as I thought they might a few weeks ago. Now I’m a damn hungry bull, and the future for canola is bright (green).

                    Argentina crushes a lot of beans for oil , bean inventories are zero, that’s nice!



                    “Dwindling Brazilian stocks could lead to historically large imports of soybeans... Brazil has exported soybeans at a breakneck pace this year, with many of the shipments to China. A depletion of stocks has shifted Chinese purchases to US-origin, but Brazilian domestic supplies are now so low that there has been talk about the country bringing in a substantial amount of soybeans in 2020. Abiove projects ending stocks may hit 419,000 MT this season, the lowest figure on record dating back to 1999, despite record production of 124.8 MMT in 2020.

                    Luiz Fernando Roque, an analyst with the consulting firm Safras & Mercado, told Bloomberg Brazil may import 850,000 to 1 MMT of soybeans in 2020. That would be the highest import tally for the commodity since 2003, when its production was about 50 MMT, less than half current levels.

                    Earlier this week, South American Crop Consultant Dr. Michael Cordonnier said stocks of soybeans (and corn) are so tight in Brazil that “there is a distinct possibility that the government may also temporarily suspend the 8% tariff on soybeans and corn until the end of the year.”

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                      #150
                      32,368,274 bushels delivered in week 7

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