Canola Update

[farming101]

Less is more I guess

[AlbertaFarmer5]

I keep looking at these charts when you post them 101, but I'm not sure what to do with the info.

It doesn't seem to represent the reality on the ground. How can ending stocks and stocks to use remain stubbornly high when the crop was supposedly half? Or is this world wide?

[farming101]

I keep looking at these charts when you post them 101, but I'm not sure what to do with the info.

It doesn't seem to represent the reality on the ground. How can ending stocks and stocks to use remain stubbornly high when the crop was supposedly half? Or is this world wide?

Yes worldwide.
USDA says Canada ending stocks for 2021/22 510,000t. AAFC 500,000t
By itself the chart is of limited use, just part of the picture

[wheatking16]

Several of my Canola sell signals triggered.

https://klarenbachgrainreport.substack.com/p/canola-sell-signal-triggered

[AlbertaFarmer5]

Has anyone looked at palm oil lately? When it was having its big crash a while back and canola seem to be completely ignoring it, I quit following because it didn't seem to be relevant.
I just checked today, and it has just been setting new highs again.

This commentary was attached:
Malaysian palm futures extended gains in January to rise above MYR 5,000 per tonne, hovering around the highest level on record, after data from the country's palm oil board showed Malaysia's December palm oil end-stocks plunged more than expected, down 12.88% from the previous month to 1.58 million tonnes. In addition, production slumped 11.26%, while exports fell 3.48%. Cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri Malaysia have also reported declines in palm oil exports of over 41% for January 1-10. Last week, palm oil booked its biggest gain in three months as output expectations were hit by concerns over adverse weather in the world's second largest producer.


Perhaps this explains the recent recovery in soy oil prices. Is the uncertainty over biden's policies on biofuels partly driving the recent drop in canola prices? Even though soy oil didn't get hit nearly as hard?

[V Belt]

Yes worldwide.
USDA says Canada ending stocks for 2021/22 510,000t. AAFC 500,000t
By itself the chart is of limited use, just part of the picture

sold some today. 18.38 nov

[riders2010]

I always wondered when you build all these
Crushing plants that are limited to canola
What happens when other countries that buy get
Pissed off they aren’t crushing there and lose all
Those jobs? Do they eventually switch to
Other oils or is canola oil that much of a better
Product?

[Guest]

apparently a huge , huge crop coming on the prairies , putting pressure on all the empty bins
where is neil?
it's probably just pressure to sell ,time will tell

[therealnorthernf]

apparently a huge , huge crop coming on the prairies , putting pressure on all the empty bins
where is neil?
it's probably just pressure to sell ,time will tell

I'm hoping u are right...

[Old Cowzilla]

sold some today. 18.38 nov

Hard not to lock in 10 bu at that price since everyone and there grandmother jumped at 12 bucks a year ago. Feeling lucky ?