Canola crush bids in Sask

[Dirtfarmer1]

What bids are out there lately? I see Pioneer Yorkton is $23.15 April

[farming101]

Clavet is around 23 picked up for April, depending on your RM

[KochiaKing]

Markets making me extremely nervous these days. Should be very little canola out there left to sell so should only go up. On the other hand if the Russia/Ukraine situation becomes a serious problem I could see a steep decline in markets. Thoughts?

[GDR]

Markets making me extremely nervous these days. Should be very little canola out there left to sell so should only go up. On the other hand if the Russia/Ukraine situation becomes a serious problem I could see a steep decline in markets. Thoughts?

Local RP is full, have only loaded 1 train in the last 6 months, other than they have 10 owned cars that move a bit of canola to their crush plant and haul a bit out by truck. Basically have all the off combine canola still. Based on that I dont see much appetite to increase prices.

[Rareearth]

Soy oil marching upwards, patience is required

[farming101]

Crush margins are not too great, in fact the ICE crush margin calculator has been running in the red.
In the real world I think the margin is bit positive

Higher bean oil prices will support Canola. Not sure whether it will be enough to translate into new highs for Canola seed. Since Dec 21 Canola has been more of a follower to bean oil, not a leader.

Soy will be the oil of choice to replace canola oil if needed

[jdg364]

Canola prices have stayed flat more or less for the last few months around here. In November we could have got $23.50/bu, then it peaked a little over $24, then it dropped to high $22s and now $24 for July.

To me it seems like canola prices have met the glass ceiling and there’s very little room for prices to increases. (Don’t get me wrong $24 canola is fantastic and I’m not complaining).

[Sodbuster]

Have May targets in for $24, $25 and $26, if someone gets squeezed in the market it could be a possibility.

[farming101]

Bids for nearby delivery to elevators have improved lately.
Crush plants might have to up their game as I don't think the present export pace can be sustained without the crush plants running low on feedstock

[Old Cowzilla]

What would be the best new crop price out there now ?