Nan-a-na-na,Nan-a-na-na

**wedino** · Apr 25, 2007, 22:23

Good news for canola, too.

Gleaned from Agriweek.

TRADE SOURCES IN CHINA project 30-40% lower ****seed area for the crop soon to be planted. Production could be as low as 8 mmt vs 12.7 last season and 13.7 in '05-06. China's annual use is a minimum 13 mmt. Imports could rise to 5 mmt in '07-08 from 500,000 to date in '06-07. China could also import more ****seed/canola oil than 150,000 estimated in '06-07 to date. If true, this could be extremely positive for canola in '07-08.

**kamichel** · Apr 25, 2007, 23:16

Hope they have preference for Canola over Palm. Certain parts of China may pay more for their Canola oil. Others may switch to palm.

**rook** · Apr 26, 2007, 09:42

With current FPC basis levels, how does a designated area farmer capture these opportunities?

**rook** · Apr 26, 2007, 09:42

With current FPC basis levels, how does a designated area farmer capture these opportunities?

**melvill** · Apr 26, 2007, 09:43

CP, I have to admit your perpetual optimism gives me lots of chuckles - which are few and far between on Agri-ville.

Your phrase "to the moon" was a TV regular awaaaaaaaaaaaaaay before your time. Hope you're right about the trend and that this isn't just a fund blip.

Seems to me you and I have a bottle of good stuff riding on this market. Trouble is I can't remember the details because I can't find the post where the bet was made. Any ideas?

At 8:41 Alberta time, Dec Chicago wgeat was at 5.40 1/4. Now at 8:45 it only at 5.35 1/2! Volatility, volatility, volatility.

Nan-a-na-na,Nan-a-na-na