Canola

[Richard5]

Like I said in an earlier post, a big correction is on its way. Having sold to get to 55% into May/June was the best thing I did and recommended to others.

Absolutely no guarantee its going to have a leg up further than it has reached so far. Soon other countries production prospects come out and most likely don't have enough time to cause a continued increase.

Even with vaccine news, this covid thing is going to drive everything downward for a while especially stocks of many companies. Sold some of those also, one should never be greedy.

[furrowtickler]

We are at 60% sold and shipped on canola and 30 % new crop already ... good / bad or otherwise, won’t judge anyone else’s position but I agree with you Richard , this current situation makes me nervous . Add to rumours of China potentially canceling soybeans just helped push us to that point . I can see a run again later as canola will be nearly out by spring . Just an observation at this point could be wrong , been wrong lots before
Barley continues to move , feed barley targets hitting at $4.75 next fall already
Locals are having a very hard time even finding barley already and it’s still November. Barley will be extremely scarce in the new year imo .
Tremendous amount sold and shipped already .

Wheat will be the only thing left in bins come spring that will be available.
Well and good Fabas apparently lol .

[blackpowder]

Not sure how to deal with a marketing thread.
Good reminder thanx, gonna sell some more..

[farming101]

Pretty much an outside day lower in BO today. The monthly will still be painting a big green bar which helps the picture a lot. Still I would expect some sideways to lower activity for a while. Offers prices are still seeping lower but seem to be getting picked up.(Weak longs not liking today)
Appreciation in the CAD might stop any Canola advances till competing oils say different

[Sodbuster]

Hope it drops a other $20 a tonne and get some more sales in, than this summer when supply starts to become scarce we could see a real run up in prices.




Houston we have lift off.

[biglentil]

Hope it drops a other $20 a tonne and get some more sales in, than this summer when supply starts to become scarce we could see a real run up in prices.


[ATTACH]7147[/ATTACH]

Houston we have lift off.

Hold!

[newguy]

My market manager got picked up Friday noon.was a bit over posted price right then but dropped since.

[shtferbrains]

Talked to a freind of mine that works at a crusher about where they are shipping.
Says all North America.
He thinks huge demand increase by home use same as the flour.

[errolanderson]

Heads-up . . . bearish key reversal on 'King corn' yesterday . . . open interest declines. Massive long fund position.

[AlbertaFarmer5]

When is the last Time That the high for the crop year occurred at this time of year?
What is our closest analogous year right now?