soybeans versus canola

[Guest]

I gave up on that one sided rag long ago ! they don't mention anything bad about crops . should be flood pics every week from somewhere in sask. maybe is haven't looked at it . but I doubt it

[may-be]

Canola dropped big time in MB for beans and I thought it would have in Sask for pulses. but I read somewhere a while back that we had a record acres of canola. If so, who grew the extra canola? And how hard would they be pushing rotations?

[farming101]

Meal outperforming oil. Results since Jan 1. Dec meal, black, compared to Nov soybeans, orange and Dec soyoil red. ICE canola crush margins are at very good levels compared to a year ago. So crushers are in the market but only for nearby delivery. Waiting for new crop deliveries to kick in. And ya with current pricing for new crop I guess it's obvious that the market wants seed as cheap as it can get it.

[farming101]

Beans UP

[farmaholic]

Up about $17.50. What's driving it. I thought feed was ample if it's the meal portion.

Nice to see canola follow in "sympathy" because heaven forbid any fundamentals only relating to canola would cause canola to move on it's own!

[farming101]

With one month to go in the soybean marketing year the last week of July logged new sales of half a million tonnes. That got some attention.
Last year at this time China was cancelling old crop sales and rolling to new.

[WPmarkets]

Bucket. I am aware that there has been flooding in China this summer but I have seen no reports that it has done significant damage to this year's crops.