Canola the other sister is dropping faster than liberals popularity.

[SASKFARMER]

Can't figure it out soy up again and canola down hard. Yes it's nov and we're turning a new page but this is insane.

Add in spoilage and lost acres and I'm saying yields weren't what they think.

WTF is going on did Trudeau do something again and we're all paying.

At this rate it was smart to seed more wheat than canola I'll make great money on wheat this year.

Confused don't get it.

Why is canola tanking.

Crushers are going to buy from other companies instead of farmers for supply.

So who is causing the drop?

[blackpowder]

Dunno.
Told crush still profitable.
Beans down. No one needs to pay more.

[SASKFARMER]

wars all over the place and nothing but down.

Countries will let there people starve if it gets them to get in line and fight.

[SmallTimeOperator]

It's the usual picking of the low hanging fruit first. Wouldn't expect canola to reach its highs until after input bills are due in Feb and March. Until then, farmers need to sell.

[furrowtickler]

They say near zero export business so crushers have no need to bid up locals to get canola .
Current prices well below $15 and yields in the low 30's or below is not a good situation
A few areas were fortunate with bigger yields so numbers not terrible for those with 45-50 bpa
Wheat at times $1 / bus higher than early harvest but canola down $2-3 / bus in same time frame .
Hard to figure anything now with more major conflicts that could escalate into wider wars any day it seems .
Should be volatile but seems steady pressure down , especially canola

[Old Cowzilla]

Think some countries are spending more on bullets and letting there people eats a little lower quality products.

[agstar77]

Another reason we don't grow it. Soybeans are a much larger and more dependable market.

[AlbertaFarmer5]

Another reason we don't grow it. Soybeans are a much larger and more dependable market.

How does the Canadian price of soybeans compared to canola right now?

[Old Cowzilla]

$0.30 spread between the two today and our soybean loads for this week canceled cause train was a no show. Land taxes and crop ins bill due today still showed up on time thou

[agstar77]

$0.30 spread between the two today and our soybean loads for this week canceled cause train was a no show. Land taxes and crop ins bill due today still showed up on time thou

Comparing cost of production and risk, canola should have a larger premium.