Canola

[AlbertaFarmer5]

Just bringing this back to discuss marketing themes....

Soybeans up 30 cents this morning. Everything else green to very green. Rumours of China buying further ahead than typical for this time of year. Any other reasons to be assigned after the fact?

[furrowtickler]

Buying before more Covid lockdowns around the world ?
Possible port closures in Jan ?

[Oliver88]

Good day to sell more canola.

$100/ tonne difference between Jan 2021 and Nov 2021.

[blackpowder]

Daily ups make it hard to roll my hedge program. First world problems LOL.
Pricing all physical in Mar capturing basis and inverse. Rolling equal paper into July.

[malleefarmer]

Amazing isnt it the two extremes.

World prices on fire.

In Australia anyone with unsold canola unless contracted cannot get a cash price at moment.

Canada opposite, number of millionaire farmers growing each day as they sell canola.

Reality hitting hard here for barley canola and wheat a bit is shipping/shipping stem bottle neck/availability past march.. Traders cant trade if they cant ship it.

Just had a look news years day here 11am plenty of buyers posting cash prices wheat and barley zero for canola.

[Sodbuster]

That’s a bit strange, how long would it take to get canola into export position from your farms? Canada as far as I know takes a long time to get to export position given that we’re landlocked and at the mercy off railways, blockades, strikes and whatever else occurs.

[jazz]

Amazing isnt it the two extremes.

Sounds like a little back door punishment by china.

[malleefarmer]

Sodbuster should have worded it better theres justnot enough shipping capacity.

Ships getting loaded everyday apparently.

But shortage after march.

[malleefarmer]

Sounds like a little back door punishment by china.

Bit of angst from farmers at moment many changed tact telling govt just fix it apologize keep out of covid questioning of china we want our markets back or we will lose them for ever.


Other suggesting stuff em dont send them iron ore which they need we supply i think 80% of high grade of there needs.

Dont think that would help myself.

Ah world trade globalisation gotta love it.

[bucket]

I thought this would be an interesting thread to resurface....and see how things have changed.