Canola Price

[Herc]

Nobody forward pricing for the fall.
Wonder how long before crushers get a bit worried?
$15.20 today for sept..
Yr ago it was 18.50.for sept..

First rodeo? Crushers are never concerned. Think about why that is……

[Partners]

First rodeo? Crushers are never concerned. Think about why that is……

Yr ago they were flooded with canola, that why prices were lower till November.

[LWeber]

yr ago they were flooded with canola, that why prices were lower till november.

sk ag tracks weekly cash canola

[ATTACH]12216[/ATTACH]

[Goodtime]

Down....down....down

[Landdownunder]

cash canola here at $615 yesterday

[WiltonRanch]

Potential future Canada China relations could throw in another wrench. Wheat looks a lot more attractive every day.

[Marusko]

A solemn moment of silence for our brothers who locked the bin doors....

old crop 19.50 a few weeks ago is now hovering under 17.00. Not as bad as it sounds. Only a 12% haircut. Should turn up sometime soon?

Such an interesting chart. Since the crop was harvested, it bounced like a ball off the 790 area, loosing height each time. Just as it's about to settle on the ground at 790, it sinks to a new support level.

[Goodtime]

Rebounding a bit this morning.

[jazz]

You guys have to stop thinking in supply and demand terms. Think more like a big ocean of money sloshing around the globe trying to find a temporary home.

Sometimes thats in commodities, sometimes its in gold, sometimes stocks or bonds. Soft commodities are out of favor right now.

[crusher]

Jazz,

As sad as your statement is, I don't think it's far from the truth. It's tough to make any informative decisions but one has to take advantage when their product of choice comes into favour. I hope canola and wheat come back into the limelight, bins aren't rattling yet.