What is the Australian price of canola today?

**LWeber** · Dec 2, 2024, 09:27

Originally posted by LEP View Post

So what is the Australian price of canola today? You should be mid way through harvest, correct?

[url]https://www.awb.com.au/daily-grain-prices[/url]

**Landdownunder** · Dec 2, 2024, 12:57

best bid locally converted to on farm price $735 flat no oil premium

**TASFarms** · Dec 2, 2024, 13:35

Would it be $100 US more than Canadian canola.

**fjlip** · Dec 2, 2024, 14:13

From the beetle thread...

Hey downunder, really curious how the grain stores harvesting at +40C?

Never possible to freeze it?

**ajl** · Dec 2, 2024, 14:54

Almost no Australian grain gets stored on farm. It is rushed to port at harvest, which stands to reason as the canola price is $3/bu higher than the price around here. Was just checking canola bins as it looks like it will be staying put for a while longer. Price will hopefully improve after the Oz harvest is done.

**shtferbrains** · Dec 2, 2024, 19:02

Originally posted by Landdownunder View Post

best bid locally converted to on farm price $735 flat no oil premium

About $638 CAD?

$14.45 bus?

**LWeber** · Dec 3, 2024, 09:14

Originally posted by shtferbrains View Post

About $638 CAD?

$14.45 bus?

Copy and paste this into Google:

AUD735 to CAD

You are out $30/MT CAD
It's $15.15 /bu

**AlbertaFarmer5** · Dec 3, 2024, 09:40

So which price needs to correct?

That level of arbitrage does not seem sustainable

**LEP** · Dec 3, 2024, 12:16

[QUOTE=AlbertaFarmer5;n807781]So which price needs to correct?

That level of arbitrage does not seem sustainable

If stocks are overstated in Canada, our price will rise to get closer to theirs

OR

If stocks are accurate their price will drop to get closer ours.

I think being patient with sales will pay.

What is the Australian price of canola today?