Canola Price

[Partners]

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

[flea beetle]

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

They will likely shut down for “maintenance”.

[wheatking16]

They will likely shut down for “maintenance”.

Anticipate resistance near 783.

[crusher]

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.

[wheatking16]

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

[crusher]

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.

[crusher]

WK16,

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

[wheatking16]

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!

[wheatking16]

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.

[jazz]

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.