Just to Clarify, I work closely with Greg and can tell you only 25% was done earlier another 50 in the last 3 weeks when a large percentage of his clients had Canola coming off. This Market went from Slightly bullish to bearish with the realization just how big this north american oilseed crop is going to be. Was is the right thing to do only time will tell.
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Perhaps the most amazing thing to me this year is how tough a crop
canola is. Crops that were close to being written off this
spring/reseeded and a 40 bu/acre crop. Not everyone that lucky in
Alberta but still okay yields given the weather (not as bad as 2002 in
most areas).
Everyone should be watching Statcan Friday realizing an early Sept.
survey (little harvest done).
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