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Canola Rebound

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  • wheatking16
    Senior Member
    • Apr 2010
    • 557

    #71
    Follow the price trend.

    Current prices are approximately $1.40 above the crop year average price.

    Comment

    • farmaholic
      Senior Member
      • Sep 2010
      • 17477

      #72
      Originally posted by wheatking16 View Post
      Follow the price trend.

      Current prices are approximately $1.40 above the crop year average price.
      If you take out the sucker punch price drops whats the crop year average price?

      Comment

      • wrongway
        Senior Member
        • Jun 2021
        • 248

        #73
        life of july 2025 canola contract. to me it doesn't look like the average would be much different pre march 1st. also selling seasonal tendencies would have kept a person in the top 3rd...a goal that seems easy but in reality isn't.

        Comment

        • Sodbuster
          Senior Member
          • Mar 2017
          • 1122

          #74
          Basis has improved lately, much better now than last fall.

          Comment

          • wheatking16
            Senior Member
            • Apr 2010
            • 557

            #75
            Originally posted by wrongway View Post
            life of july 2025 canola contract. to me it doesn't look like the average would be much different pre march 1st. also selling seasonal tendencies would have kept a person in the top 3rd...a goal that seems easy but in reality isn't.
            Seasonals on their own are unreliable, IMO.

            Each year should be assessed on its own. IMO

            Comment

            • fjlip
              Senior Member
              • Oct 2002
              • 9801

              #76
              Heard years ago that 90% of the time Canola highs near May 1, and second chance July 1....baring any crop scare after that.

              Comment

              • Grain Farmer
                Senior Member
                • Mar 2025
                • 574

                #77
                That was the theory yrs ago.
                now its politicians screwing with tarrifs, or like turdo did pissing off countries to buy our products.
                supply demand has gone out the window.

                Comment

                • wheatking16
                  Senior Member
                  • Apr 2010
                  • 557

                  #78
                  Originally posted by fjlip View Post
                  Heard years ago that 90% of the time Canola highs near May 1, and second chance July 1....baring any crop scare after that.
                  Seasonals create interest levels but are ineffective in making buy or sell decisions.

                  Comment

                  • wrongway
                    Senior Member
                    • Jun 2021
                    • 248

                    #79
                    Originally posted by wheatking16 View Post

                    Seasonals on their own are unreliable, IMO.

                    Each year should be assessed on its own. IMO
                    any indicator taken on its own is unreliable.
                    using a suite of indicators taken together to formulate a decision to sell or re own to get to selling a crop in the top third of the trading range is what i strive for. Sadly all too often my own FEELINGS come into play...hey I'm only human.

                    My favorite times to make cash sales is the last week in June and the week before Christmas. Grain companies seem to like to get sales on the books before big holidays.









                    Comment

                    • wheatking16
                      Senior Member
                      • Apr 2010
                      • 557

                      #80
                      Originally posted by wrongway View Post

                      any indicator taken on its own is unreliable.
                      using a suite of indicators taken together to formulate a decision to sell or re own to get to selling a crop in the top third of the trading range is what i strive for. Sadly all too often my own FEELINGS come into play...hey I'm only human.

                      My favorite times to make cash sales is the last week in June and the week before Christmas. Grain companies seem to like to get sales on the books before big holidays.








                      I hear ya.

                      If we could only get out of our own way.
                      Last edited by wheatking16; Apr 13, 2025, 10:10.

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