Canola

[blackpowder]

Highest cost crop to grow here.
Highest margin potential too.

[blackjack]

Feeders up 75 dollars a head from two weeks ago...maybe woodland will get a stronger market yet .

[farmaholic]

LMFAO..... better book your canola seed or the new and improved varieties will be sold out!

I am so over that sales pitch. Let the high testosterone farmers compete for and drive up the price on stuff that in some cases only gets a name change!

If we don't see some soil moisture replenishing rains next April it will be pretty hard to get excited about spending big money on the high cost and risk of getting canola established in dust.

[farming101]

Jan 21 crush margin at $123.55, $36.84 higher than a month ago.

Jan soybeans gapped higher tonight(barely) and is leaving behind resistance. Jan bean oil closing in on 38/cwt

Nov Canola basis as bad as -46 wow. Bills to pay....

[farmaholic]

Thanks won oh one.

[Sodbuster]

I’m hoping to see basis drop to under -15 in the April to July period assuming crushing and exporting continues at current rate., barring any blockages or strikes.

[farming101]

5 under for May del self haul to the plant. Have sold a bit into that

[farmaholic]

I didn't think canola could transmit Covid-19

[farmaholic]

5 under for May del self haul to the plant. Have sold a bit into that

Some components of what made up my specialty canola premium over commodity canola are shrinking.
Difference in basis between the two, the locked in positive basis is set in stone but the usual negative basis of commodity canola might shrink as the marketing year continues. And there isn't much carry in the futures out to July which my basis is locked in against.

I don't think I hit it yet



Not that I know of.

[farming101]

The basis is fixed? You don't add a basis premium to whatever the regular basis is at the time?