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Canola blow off top?

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  • LQQKY
    Member
    • Dec 2010
    • 39

    Canola blow off top?

    could someone post the chart of the last time canola had a blow off top up through the 700's
  • AlbertaFarmer5
    Senior Member
    • Oct 2010
    • 12562

    #2
    Originally posted by LQQKY View Post
    could someone post the chart of the last time canola had a blow off top up through the 700's
    And how often does the market top out
    in January?

    Comment

    • Oliver88
      Senior Member
      • Dec 2012
      • 4688

      #3
      Here is a 20 year nearby chart. (Others on here could post something better)

      Click image for larger version

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      Comment

      • SASKFARMER
        Senior Member
        • Dec 2005
        • 7022

        #4
        Its all because SA is dry was dry at seeding and still is dry in a lot of the country.

        So yea things could get interesting.

        Oh but canada was told its a huge Canola crop by experts who know jack shit.

        Comment

        • bucket
          Senior Member
          • Jan 2008
          • 17033

          #5
          Originally posted by SASKFARMER View Post
          Its all because SA is dry was dry at seeding and still is dry in a lot of the country.

          So yea things could get interesting.

          Oh but canada was told its a huge Canola crop by experts who know jack shit.
          Saskfarmer ....dont forget there is a big canola crop coming this year as well....some varieties are sold out.......well at least until July when some of the seed comes back to the retailer...on the same pallets they left on....seen it before....

          Comment

          • Sodbuster
            Senior Member
            • Mar 2017
            • 1133

            #6
            If I remember correctly the last spike above 700 occurred in March, hard to predict when it comes this year, USDA report on Jan 12 should set the direction. Canola acres won’t have o be bought this spring, hope there aren’t to many canola snow rotations.

            Comment

            • Oliver88
              Senior Member
              • Dec 2012
              • 4688

              #7
              There are several crops with big prices so I’m not sure if canola acres will be too much higher than normal?

              Comment

              • FarmJunkie
                Senior Member
                • Feb 2018
                • 922

                #8
                I believe canola being where it is is driving more of the specialty crop prices where they have never been as well. We are gonna see a lot of canola snow canola this year in our area. Wheat acres are gonna take a big hit around here.

                Comment

                • AlbertaFarmer5
                  Senior Member
                  • Oct 2010
                  • 12562

                  #9
                  Originally posted by FarmJunkie View Post
                  I believe canola being where it is is driving more of the specialty crop prices where they have never been as well. We are gonna see a lot of canola snow canola this year in our area. Wheat acres are gonna take a big hit around here.
                  And where is your area?

                  Comment

                  • blackpowder
                    Senior Member
                    • Feb 2010
                    • 9326

                    #10
                    $16.08 Camrose Crush May

                    Comment

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