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Canola

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  • farmaholic
    Senior Member
    • Sep 2010
    • 17483

    Canola

    ................
  • bucket
    Senior Member
    • Jan 2008
    • 17030

    #2
    This is a rich mans crop....when a neighbour is depressed with a 36bpa canola crop because he realizes he will not make money after planning and spending for a 45bpa ....then a heat wave hits with no smoke ....chances are you need deep pockets and mother nature to love you...

    Comment

    • GDR
      Senior Member
      • Oct 2016
      • 1659

      #3
      Originally posted by bucket View Post
      This is a rich mans crop....when a neighbour is depressed with a 36bpa canola crop because he realizes he will not make money after planning and spending for a 45bpa ....then a heat wave hits with no smoke ....chances are you need deep pockets and mother nature to love you...
      More is always better but 36 x 12 is still $432. That's a pile of groceries.

      I sold last week for $12.25 dec. There were specials to $12.70 for spring. I bet there is upside potential yet but gotta pull the trigger at some point.

      Comment

      • bucket
        Senior Member
        • Jan 2008
        • 17030

        #4
        Originally posted by GDR View Post
        More is always better but 36 x 12 is still $432. That's a pile of groceries.

        I sold last week for $12.25 dec. There were specials to $12.70 for spring. I bet there is upside potential yet but gotta pull the trigger at some point.
        I think guys poured the groceries to it for 45bpa and priced at 10 bucks a bushel because that looked OK. .

        Some were short/ emptied out on the contracts which is why the increase in prices....

        With a normal rainfall 10 bucks would have been the high...

        Comment

        • the big wheel
          Senior Member
          • Mar 2017
          • 3860

          #5
          I would expect an increase in our production cost also. Equipment and repairs, fuel,
          Seed chemical all due to virus related production
          Problems legitimate or not.

          Comment

          • GDR
            Senior Member
            • Oct 2016
            • 1659

            #6
            Originally posted by bucket View Post
            I think guys poured the groceries to it for 45bpa and priced at 10 bucks a bushel because that looked OK. .

            Some were short/ emptied out on the contracts which is why the increase in prices....

            With a normal rainfall 10 bucks would have been the high...
            Yes I guess that would suck, especially if they had to buy some contract back.

            Comment

            • Partners
              Senior Member
              • May 2010
              • 3105

              #7
              At 12 bucks plus lots should be priced now.

              Comment

              • jazz
                Senior Member
                • Jul 2018
                • 9308

                #8
                Originally posted by Partners View Post
                At 12 bucks plus lots should be priced now.
                Holding for spring. I am betting a buck higher at that time once the bins are emptied. Gotta make up those lost heat blasted bushels somehow.

                Comment

                • woodland
                  Senior Member
                  • Aug 2015
                  • 1973

                  #9
                  Originally posted by jazz View Post
                  Holding for spring. I am betting a buck higher at that time once the bins are emptied. Gotta make up those lost heat blasted bushels somehow.
                  Who needs Vegas? Gotta a have a couple of bins to “play” with. Got 3/4 of the crop sold which is very unusual for us so the rest gets to sit and see what happens............ probably plummet like cattle prices but there’s only one way to find out.

                  Comment

                  • bucket
                    Senior Member
                    • Jan 2008
                    • 17030

                    #10
                    Originally posted by woodland View Post
                    Who needs Vegas? Gotta a have a couple of bins to “play” with. Got 3/4 of the crop sold which is very unusual for us so the rest gets to sit and see what happens............ probably plummet like cattle prices but there’s only one way to find out.
                    Are cattle prices rebounding?

                    Comment

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