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Grain markets continue up

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  • farming101
    Senior Member
    • Mar 2011
    • 3956
    #81
    Originally posted by AlbertaFarmer5 View Post
    So after a few days of shaking the tree, canola has now made new highs today. Is it all blue skys from here on out?
    Click image for larger version Name: 2021canolaoctdel.jpg Views: 1 Size: 41.0 KB ID: 770718
    .

      Comment

      • SASKFARMER
        Senior Member
        • Dec 2005
        • 7115
        #82
        End of month spreads and now on to next level as bins are getting empty. They get some on each retractment.

          Comment

          • AlbertaFarmer5
            Senior Member
            • Oct 2010
            • 12607
            #83
            Originally posted by farming101 View Post
            [ATTACH]7481[/ATTACH]
            .
            I was looking at March. New crop has been much more subdued.

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              • farming101
                Senior Member
                • Mar 2011
                • 3956
                #84
                O, guess it depends how far the horizon is....

                Feb del basis Mar pushing 50 under some places.....
                Last edited by farming101; Jan 26, 2021, 09:17.

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                  • beaverdam
                    Senior Member
                    • Mar 2018
                    • 1451
                    #85
                    Locked at limit up,,, for the moment. + $30.00/t

                      Comment

                      • AlbertaFarmer5
                        Senior Member
                        • Oct 2010
                        • 12607
                        #86
                        Originally posted by farming101 View Post
                        O, guess it depends how far the horizon is....

                        Feb del basis Mar pushing 50 under some places.....
                        So would the spreads and the basis indicate that this spike is more likely panic short covering, and not sustainable?

                        The daily canola moves are tracking the spreads in soyoil quote closely. The front month move being ~3 times the farthest out contract today.
                        Last edited by AlbertaFarmer5; Jan 26, 2021, 09:41.

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                          • Partners
                            Senior Member
                            • May 2010
                            • 3105
                            #87
                            RP running off May now? Wtf?

                              Comment

                              • helmsdale
                                Senior Member
                                • Nov 2014
                                • 2132
                                #88
                                Anyone have info on net long/short for the major markets?

                                On the issue of shorts, it's quite something to watch in the equities markets as the WSB crowd is taking billionaire hedge fund owners to the friggin cleaners on their short positions in the most heavily shorted stocks.

                                Some of these things are so shorted, that there aren't even enough shares publicly traded to cover their positions! You'd think that the "smart money", would have gotten the memo that markets have no connection to reality anymore...

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                                  • farming101
                                    Senior Member
                                    • Mar 2011
                                    • 3956
                                    #89
                                    Leveraged to infinity. The approved way to conduct business these days....

                                      Comment

                                      • jazz
                                        Senior Member
                                        • Jul 2018
                                        • 9308
                                        #90
                                        The equities market was partially broken back in 2008 with the great recession and mortgage meltdown.

                                        Corona has finished the job. There is no way to short anything with endless stimulus coming in which is used to buy back stocks.

                                        Thats how buffet got to $400B or whatever, using nearly interest free money and cash flow to buy his own stock. Thats how some of these things with no profits like Amazon and Tesla have valuations 100x PE.

                                        Giant ponzi.

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