Bumper Canola Crop

[Guest]

Still will have to revise down further as over estimation from the 18 and 19 crop has not washed out yet. Feed and waste category needs to expand due to heated canola not put into main stream market channels. This crop may well be smaller than my own estimates. Viterra's market advisory services are laughable. I get the emails but don't bother to read them. When a farmer tells you his crop went 40, it was actually 37.3 over the scale.,

36-37 is a real common number around here
And this is 50-55 bu country

[Oliver88]

Lots of 5-6% dry canola , less bushels there .
It all adds up to lower stocks than predicted in August .

Regardless, good to see current reasonable prices finally 👍

At $13/bushel canola you are giving up approximately $240 per point in a 42 tonne load.

9.9% vs 5.9% is a $960 difference. (If my math is correct.)

[tubs]

sold some today 13.49 a bu first sale 11.50 2nd sale 12.50 wonder if next sale be 14.50? I did let my marketing go last spring. I did not get an roi on those guys.

[beaverdam]

sold some today 13.49 a bu first sale 11.50 2nd sale 12.50 wonder if next sale be 14.50? I did let my marketing go last spring. I did not get an roi on those guys.

Hope your right, I'll tag along.