Froze at my place, now what to do with sample canola?

[poorboy]

This morning (sept 6) my thermometer shows 2 degrees, but there is ice on all the vehicle windows. My canola is late (only 1/2 swathed) and will most likely be sample grade.

Some companies have basis contracts available that have specified discounts for grades. In particular one is offering $10 under for #1 canola and and additional $85 penalty for sample canola. This would be 95/tonne discount. With the frosts in Sask and Man earlier and some frost in my area of southern Alberta, will there be a burdensome supply of sample canola which will make it worth even less?

Those of you who have had sample canola in years when there was lots of it, what was a normal discount, and could you even find people to buy it?

[TOM4CWB]

Poorboy;

Ice on vehicles does not mean sample canola... always.

On AUG 9, 2004 we had ice on windsheilds... with no damage to any plants.

If your thermometer showed plus 2C, it is unlikely you have any canola damage... especially for the swathed crop. Just get the rest swathed and hope for the best!

[crusher]

I agree with Tom, you canola might have only dropped one grade, and the discount for a two is usually around $15/tonne. Different companies use different grade discounts once you get past grade two. It will pay to shop around, and the grade discounts they are quoting now will probably change throughout the year as they did in 2002.

[poorboy]

Thanks for the hopefull outlook for my canola. It is nice to know that it still has a chance.

[Incognito]

Enviro Canada has Indian Head, SK @ 3 at 8:00 and many towns at 5C and 6C. Long time before sunup.

And to top it all off they are kicking the living daylights outta beans tonight (off 20 cents.

[dnach]

do not be suprised to find at least some damage, Aug 20th my therm read 0 and some neighbors are saying it did not freeze the gardens,,,,,, but, frost damage is ugly in every crop around here, when we thought we dodged the bullet,but boy are we finding damage now in everything. Oh, and to top it off, we are 2 and it's not midnight yet!!

[Incognito]

U dont wanna look now at 5:25 AM

We will have major damage in SK again

Enough already

[crusher]

Incognito,

Where do you get the off hours trading quotes from?

Thanks
Crusher

[Incognito]

reuters

410/month

[charliep]

Can get overnight quotes (10 minute delay) off CBOT website.

http://www.cbot.com/cbot/pub/page/0,3181,963,00.html

Clicking the commodity (soybeans, corn, etc.) brings up the previous day close. Click on electronic on the top of the table and this will take you to the overnight quotes.