Talking about trade.....

[furrowtickler]

Local P&H pulled bids for canola till June

[furrowtickler]

Canola had recovered to $14 after the U.S. tariff announcements
$11.67 at one place this morning and no bids at another.

[farming101]

Farming 101, as a chartist, was there anything in the charts that suggested this as a possibility?

If you blocked out all the market news and just watched the chart:
Green circled area positive. Price had attained the median line.
Orange mark caution. After a correction price failed to regain the median line.
Red mark. Another poor showing after a downturn.
Red circle price punched through the lower tine.
Next objective could be 577.80 full retracement.
Limit down at the close means $60 limit tomorrow
[url]https://www.barchart.com/[/url]

?

[fcr]

Cargill has pulled their canola bids also

[blackpowder]

Buyers are only concerned about basis. Selling futures as they buy your grain effectively locks their basis.
Pulling bids is their protection in situations like these. They can only offset purchases when the market open. Tomorrow limit is still $40 as March not part of the front 5 and only one not two were limit.
Go on a trip. Shut off the news.

[ColevilleH2S]

Joke's on China.

The bulk of Canadian politicians and population live no where near a Canola field, couldn't name a farmer, and have never seen Canola other than in a grocery store bottle. They don't care.

Good luck with your EV sales campaign Xi Jinping

[hobbyfrmr]

The ‘store-of-value’ appears running for its life. Tariffs doomed . . . .

I love this. Monthly Bitcoin chart today shows -23%. Bitcoin is on sale. The $CAD/$US is 0.69. The S&P 500 is at 5614.56 and the TSX is at 24,380.71. Set your calendar for Sept 4, 2025 (random date) just to revisit these values and which stored better.
I am pretty sure March 3, Bank of Canada has started to print money/buy back assets. It takes a financial quarter for inflation to reach the real people. That makes it June/July when Canadians start summer vacations. Canada government debt is at $CAD 1.25 McTrillion duhllars. Canada is a hot mess inside a dumpster fire on a runaway train. No future prime minister is going to solve that math puzzle.
Feel free to overlay a 10 year (or maximum) Bitcoin price chart vs. any currency or commodity in the world.
I would, but drinking beer and watching curling highlights.

[shtferbrains]

Good to hear from you hobby.

Canadian voters don't have to worry about the economy because we have a highly educated central banker as Prime Minister who say his first job is to look after the economy.

Haven't we had central bankers looking after the countries finance's when all the destruction that you describe happened to any personal wealth we accumulated?

[Old Cowzilla]

Any banker I dealt with took there cut first.

[hobbyfrmr]

Good to hear from you hobby.

Canadian voters don't have to worry about the economy because we have a highly educated central banker as Prime Minister who say his first job is to look after the economy.

Haven't we had central bankers looking after the countries finance's when all the destruction that you describe happened to any personal wealth we accumulated?

I am not well educated in economics. I think it is 5 decades of federal government overspending and then asking the central banks to compensate them with freshly printed money to inflate the debt away. All politicians love the "Cantillon Effect" and they want to keep their snouts in the trough as long as possible. $1.25 trillion debt is mathematically impossible to repay. The next party in power will tell us nice stories about working hard for Canadians. Parliament has been impotent for 6 months. When they open the "real" books of the Government of Canada, it is going to be disgustingly spectacular. The truth is, we are on our own, so plan accordingly. Study Bitcoin, or drink beer and watch games of chance. We are on our own.