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Canola Price

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    #226
    Canola improving again this morning.

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      #227
      Originally posted by Goodtime View Post
      Canola improving again this morning.
      17 bucks immediate..yay..

      Comment

        #228
        $17.50 may

        Comment

          #229
          At least the free fall stopped for now
          Wheat still hanging in there

          Comment

            #230
            could be 27$ again in july ! 🤞🤞🤞

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              #231
              Bunge rep they short for june/July so..maybe?

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                #232
                Originally posted by Partners View Post
                Bunge rep they short for june/July so..maybe?
                They will likely shut down for “maintenance”.

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                  #233
                  Originally posted by flea beetle View Post
                  They will likely shut down for “maintenance”.
                  Anticipate resistance near 783.

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                    #234
                    My next sale at $775. Hope it doesn't make it to $774 and crater, like has happened to me too many times over the past year.

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                      #235
                      Originally posted by crusher View Post
                      My next sale at $775. Hope it doesn't make it to $774 and crater, like has happened to me too many times over the past year.
                      I am curious why $775 is a target

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                        #236
                        WK16,
                        Technicals. $775 roughly 50% retracement of recent high/low. 38% retracement of longer term high/low. Bar Chart suggestion of second level resistance. Who the heck knows. Has nothing to do with profitability but it should be my number 1 concern. Glad I don't have shareholders holding me accountable or I'd be on the street.

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                          #237
                          WK16,

                          I have my next HRS wheat target set at $8.96. Why, because with my basis I can get close to $12/bu.

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                            #238
                            Originally posted by crusher View Post
                            WK16,
                            Technicals. $775 roughly 50% retracement of recent high/low. 38% retracement of longer term high/low. Bar Chart suggestion of second level resistance. Who the heck knows. Has nothing to do with profitability but it should be my number 1 concern. Glad I don't have shareholders holding me accountable or I'd be on the street.
                            Thanks!

                            I like the use of technicals!

                            Comment

                              #239
                              Originally posted by crusher View Post
                              WK16,

                              I have my next HRS wheat target set at $8.96. Why, because with my basis I can get close to $12/bu.
                              Many ways to trade.

                              Make the trade your own.

                              Comment

                                #240
                                So canola is rising again. What exactly changed in supply and demand in the last month or so. Not a thing. Money just sloshed back into the sector again.

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