Holy Canola

[crusher]

That's quite a drop. Can anybody explain? Palm oil is down but......

[LEP]

Traders think, it rained so huge crop MUST be coming. All problems are solved.

[jazz]

Traders think, it rained so huge crop MUST be coming. All problems are solved.

There is at least a late sept, likely October harvest coming here.

[errolanderson]

Global bio-diesel selling off . . . Palm oil slammed near 10% down overnight. WTI crude again threatening to break below $100 per barrel. Economies are now in-contraction (recession) as central bankers hike rates on premise of battling inflation that has already peaked and already in-a-downswing. Timing couldn't be worse . . . .

Canola caught in-the-crosshairs of this firefight.

[TOM4CWB]

Global bio-diesel selling off . . . Palm oil slammed near 10% down overnight. WTI crude again threatening to break below $100 per barrel. Economies are now in-contraction (recession) as central bankers hike rates on premise of battling inflation that has already peaked and already in-a-downswing. Timing couldn't be worse . . . .

Canola caught in-the-crosshairs of this firefight.

Just wait till Statscan June report... Ouch.

If heat in US stays long enough... maybe back to $950Nov22?

[SASKFARMER]

Boom 💥

[shtferbrains]

Read one the other day that said farmers spend their whole life hoping for a drought.

Just not in their area.


Be hard to point to a risk area that hasn't shrunk in the last week.

Including Ukraine/Russia.

Worldwide food shortages is not on the front page for this week.

[SASKFARMER]

Well, I screwed up and got greedy.

Did very well on just about every sale up to now this winter. Real good actually so my average is nice.

But Now I had July stuff to move.

Now payback is a bitch for the last bin.

Well, the good thing is Trudeau will get less in tax now. Thank god for a positive out of this shit show.

[TOM4CWB]

Here is the US weather forecast for the next week to Wednesday

Looks like reasonably good moisture for row crops

[TOM4CWB]

Here is the US weather forecast for the next week to Wednesday

Looks like reasonably good moisture for row crops