Canola

[TechAnalyst]

Glad to help (if it does).

Knowledge is power and we need all the help we can get as an industry.

[farming101]

Retrace possibility 987-995 area

[4GFarms]

What’s with this pull back while soybeans are green? Profit taking or more related to the decrease in soy oil of late?

[crusher]

Our local crusher dropped basis $15/tonne last week. Usually not a good sign along with dropping futures. Don't shoot the messenger, just saying. I sold a little at $23

[BTO780]

Stats Can made a secret trip out to SKFs yard while he’s down south, checked his bins and found he had tons more than he actually reported. 🤣🤣

[AlbertaFarmer5]

Of the two elevators I follow locally, one went down as much as you would expect given the futures action today. The other went up by a lot across the board and closer to spring they're up almost a dollar today alone.
One purchaser must know something that the other one doesn't.

[crusher]

AF5,
Don't be afraid to name names.

[TOM4CWB]

AF5,
Don't be afraid to name names.

Cutting Vancouver out of grain rail delivery will mess up western Canadian Canola and wheat markets in the short term… will be interesting to see if this is a black swan event that changes fundamental direction.

Cheers

[AlbertaFarmer5]

AF5,
Don't be afraid to name names.

The elevator that went down rhymes with ichardson, the one that went up rhymes with atterson. Does that help?

[wheatking16]

Nice call TechAnalyst.

My next level of interest is similar, at 1142


[ATTACH]9190[/ATTACH]

This may need a few more days to settle down, however, I want to be long above 1018 and not below with my next level of interest remaining at 1142.