• You will need to login or register before you can post a message. If you already have an Agriville account login by clicking the login icon on the top right corner of the page. If you are a new user you will need to Register.

Announcement

Collapse
No announcement yet.

Canola Price

Collapse
X
Collapse
 
  • Filter
  • Time
  • Show
Clear All
new posts
    #141
    Originally posted by TASFarms View Post
    So no need for price to go up seeing they are always bought up
    Lol. Grain buyers only see record crops and never any need for the price to go up. Right now they are likely correct. Wish I made more sales in Dec for Jan/Feb movement. China's economy is sinking and they are able to access discounted Russian commodities (up to a volume determined by constrained shipping avenues) so likely a bearish factor. Truck was heavier than I though this morning so ended up selling spot wheat today.
    Last edited by ajl; Jan 19, 2023, 12:29.

    Comment

      #142
      An opinion, canola now technically oversold.

      Argentina rain appeared a key factor plus quiet China business this week for Lunar holiday and long liquidation. Panic selling is never fun to watch, but it is a short-lived emotion. Emotion makes for volatility.

      Comment

        #143
        Technical Selloff Tip: Growers / Feeders note . . . . When commodity futures go into-a-dive, the technical chart recovery is often seen between 50 to 66% of the drop before key resistance seen again. But this also suggests the overall trading window (range) is now lower.

        Comment

          #144
          I don't focus on volume.......

          Until there is a price drop, then I search for signs of a reversal.

          Any sign.

          This move down has been on declining volume.

          For what that is worth.

          I also have 780ish as an import level, so...

          Click image for larger version Name: RSH23_Barchart_Interactive_Chart_01_24_2023 (1).jpg Views: 1 Size: 20.0 KB ID: 774434

          Comment

            #145
            The closing bell battle at $800/MT today, chart resistance or support . . . . Big picture range now $770/MT to $830/MT? Pick em . . . .

            Crude oil and loonie may have a say . . . .

            Comment

              #146
              Originally posted by errolanderson View Post
              The closing bell battle at $800/MT today, chart resistance or support . . . . Big picture range now $770/MT to $830/MT? Pick em . . . .

              Crude oil and loonie may have a say . . . .
              It always amuses me how much power these round number psychological levels can have. Considering that it's a purely arbitrary unit of measure in a purely arbitrary currency, and in this case, most of the market participants are using a completely different unit of measure.

              Comment

                #147
                Thanks Errol and Wheatking for your insights and knowledge. Should have sold more at 19.70 but was incremental selling into a rising market. Wheat you had mentioned earlier canola would top $860 $870 before dropping off. Shoulda woulda coulda.

                Comment

                  #148
                  Canola market right now is definitely not for the faint of heart.

                  Comment

                    #149
                    Viterra has a premium for feb canola.
                    $18.00..wow empty the bins..
                    Let the teasing begin.

                    Comment

                      #150
                      Originally posted by Partners View Post
                      Viterra has a premium for feb canola.
                      $18.00..wow empty the bins..
                      Let the teasing begin.
                      Ha ha ha yep I received that text.....of course limited tonnes....limited time....limited.....

                      Comment

                      • Reply to this Thread
                      • Return to Topic List
                      Working...