Canola like Gold!

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Canola like Gold!

Aug 9, 2020 | 08:07 1 https://www.msn.com/en-ca/money/tops...?ocid=msedgdhp

10.57 offered for Jul 21 delivery locally. Better sign 'er up! Reply With Quote
  • 1 Like


  • Aug 9, 2020 | 08:11 2 Lol what a b/s article. “Canola prices spike !! “
    WTF , where ?
    $12 would be a spike you bozo’s . Only up $.50 here over early June ... sorry that’s not a spike or worth gold ....
    Is there a comment section on that article?? Reply With Quote

  • Aug 9, 2020 | 17:18 3 This is why we get shit on in our industry. Phuck tards like this report things like this and the people that read it that aren’t in the industry think this crap is true or of some significance. Report all the numbers so people can decide for themselves how shitty of a reporter u are. Better yet go grow a quarter of Canola and tell me how much u make for the money u risk. Then maybe some real reporting would occur. Reply With Quote
    Aug 9, 2020 | 18:21 4 Fake news. Hello $8. Reply With Quote
    ajl
    Aug 9, 2020 | 18:59 5 Price of seed canola is very golden these days. About the only thing. Reply With Quote

  • Aug 10, 2020 | 02:23 6 China might've cut our barley exports but they've been a buyer of Aus canola in 19/20, eclipsing the past 4yrs & accounting for 33% of total exports so far this ssn (the highest since 99/00). However, Belgium will likely record the lowest vol of canola since 08/09

    China hates our barley loves our canola go figure.
    Or maybe Australian canola council brown nose and Australian barley export association don’t Reply With Quote
    SASKFARMER's Avatar Aug 10, 2020 | 05:38 7 I read the article this morning and its like WTF.

    Canola oil is gold then why the **** are we getting paid on average just under 10 dollars to just over 10 dollars a bushel.

    Some one is having one hell of a day ****ing the farmers in Canada.

    Skippy didn't help us out but the crushers are surely helping themselves out.

    Nice to see like I always say the parasites always win at this game. Reply With Quote
  • 1 Like


  • Aug 10, 2020 | 05:51 8 With fake news MSN articles like these, the farmland investment companies and coffee row landlords will want a pay raise. Reply With Quote
    Aug 10, 2020 | 06:14 9
    Quote Originally Posted by farming101 View Post
    https://www.msn.com/en-ca/money/tops...?ocid=msedgdhp

    10.57 offered for Jul 21 delivery locally. Better sign 'er up!
    One thing it does show is who is actually making money ...... and how much we are getting screwed at $10.50
    There is no reason Canola should not be at $12 , other than they have most farmers trapped in debt and bills need to be paid .
    Meanwhile costs are going up , seed , machinery , fuel now again and we sit with 20 year old pricing .
    Again what do our canola groups do ?? Pouting cause the can’t go on an exotic winter trip. Reply With Quote
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  • SASKFARMER's Avatar Aug 10, 2020 | 06:16 10 I agree 110% canola should be at 12. When the shit show hit with china the price dropped then reports said we grew a huge crop that never was and it dropped now two years into this it shows the crushers and other countries are making out like bandits on our Canadian canola.

    But what have farmers gained?

    **** ALL.

    Our Canola groups are a joke. Reply With Quote
    Aug 10, 2020 | 06:16 11 Bibo must be doing a great job, perhaps Canada Canola Council will nominate her to the the Ag hall of fame as they did for Jerry Ritz, the one who gutted our insurance programs? Reply With Quote
    SASKFARMER's Avatar Aug 10, 2020 | 06:22 12 Where is BOBOO any way we haven't heard anything from her since the great we know the Carbon tax costs farmers for grain drying but we won't present that report?


    I for one think BOBOO is the worst AG minister in the entire World. Not just North America i think the entire fricking world. Reply With Quote
  • 3 Likes


  • Aug 10, 2020 | 06:37 13
    Quote Originally Posted by Oliver88 View Post
    With fake news MSN articles like these, the farmland investment companies and coffee row landlords will want a pay raise.
    It’s getting to a point where if that happens, say farm it yourselves .... walk away .
    There is so very little margin now on any rented land that it’s barely worth the time , effort and especially risk any more . Everyone else has taken way to much of the pie and primary producers are getting SFA for the risk involved.
    Margins way too thin no matter Farm size . Reply With Quote
    Aug 10, 2020 | 06:57 14 The golden canola oil market is in China first and the EU second.

    We get upset with crushers but I don't think they are making out like bandits. They are content to make their margin and keep pushing the product out if there is a market for it.

    Speculation in China has had a lot to do with the increase in canola oil prices in China. Up 20% since May 12. It may be justified depending on the extent of crop losses due to the lousy weather there.

    But likely good to remember speculators can leave the party as fast as they arrived.

    The EU market has helped stabilize prices and keep product moving. Collectively EU countries have imported as much seed as Japan so far this crop year. And ya as the article states EU oil made from Canadian canola is likely making its way to China but hey it's a market. Getting the EU market going again is a real good news story.

    Canadian producers delivered 20.5 MMT into the system this year. 2 MMT more than last year. Reply With Quote
    Aug 10, 2020 | 07:25 15 China Canola oil futures nearby contract down over 3% today.... Reply With Quote
    Aug 10, 2020 | 07:35 16 Farming101, you make a interesting point, and I always watch the producer deliveries to gauge the trends. The crop wasn’t as small last year as some predicted and/or there was a lot more carry over.

    Seems like this year the bin bottoms are showing and swept. Reply With Quote
    Aug 10, 2020 | 07:44 17 Jan 500 puts

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    Aug 10, 2020 | 07:50 18 I dont understand the off combine firesales every year. That is definitely hurting our prices. Sure there are bills to be paid but there are cash advances and bridge financing for all that. If we starved the trade for a little while we would get a nice premium a few months later.

    10,000 ac farms cant get a 2M credit line? Interest rates are 2%. And whats all that fancy storage on farms now for?
    Last edited by jazz; Aug 10, 2020 at 08:20.
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  • Aug 10, 2020 | 11:56 19
    Quote Originally Posted by SASKFARMER View Post
    Where is BOBOO any way we haven't heard anything from her since the great we know the Carbon tax costs farmers for grain drying but we won't present that report?


    I for one think BOBOO is the worst AG minister in the entire World. Not just North America i think the entire fricking world.
    She is a member of justin trudeaus team ,what did you expect? Reply With Quote
  • 2 Likes


  • Aug 10, 2020 | 17:26 20
    Quote Originally Posted by GALAXIE500 View Post
    She is a member of justin trudeaus team ,what did you expect?
    Hopefully off to learn english. Reply With Quote
    Aug 10, 2020 | 17:54 21 21 a bushel is more realistic when u consider the price of over priced steel,seed,chemical,rent,taxes,fuel,and every other god damn thing. Reply With Quote

  • Aug 10, 2020 | 21:09 22 A person in the article claims they're 50% sold on new-crop canola...... near Regina. Last time I checked we don't have a crusher near Regina..... local terminal basis is pretty ugly. Who knows, maybe they did a futures first or some other pricing scheme that moves the canola into the system but leaves the pricing risk with the Producer. Specialty canola production contract.... who knows.

    Cash flow is King, people make decisions based on their own needs.

    I don't see any net canola prices to write home about.

    Larry Weber needs to chime in with his estimated 2020(hind-sight...this will only work once) production.

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    Not bad, I put a bit of sales on the books but based off July($pecialty canola) . Hopefully the high isn't in for the crop year.....its a long time til next one. Reply With Quote
    Aug 11, 2020 | 16:43 23 Whoa..... looks like canola, the new gold, lost a bit of it's luster today. A dime a bushel. Buyers must smell the feilds ripening. Reply With Quote
    biglentil's Avatar Aug 11, 2020 | 16:56 24
    Quote Originally Posted by farmaholic View Post
    Whoa..... looks like canola, the new gold, lost a bit of it's luster today. A dime a bushel. Buyers must smell the feilds ripening.
    Same with the yellow metal down over a $100 an ounce. With the new Russian Vaccine everything is hunkidory in the world supposedly. Reply With Quote
    biglentil's Avatar Aug 11, 2020 | 16:59 25 Infact the Russians posted images of their vaccine. Reply With Quote

  • Partners's Avatar Aug 11, 2020 | 18:01 26
    Quote Originally Posted by biglentil View Post
    Infact the Russians posted images of their vaccine.
    I am sure that is better than any China/turdo shit Canada will have. Reply With Quote
    Aug 12, 2020 | 00:22 27 From
    oz. prices back to $547 on farm today down 8 bucks a CloudBreak
    *CANOLA RECOMMENDATION*
    EU ****seed futures had been trending higher, but due to weakness across the oilseed complex (soy, palm and canola oil) EU ****seed futures have now broken below previous support. This weakness has been exacerbated by the expectations of a record global soybean crop, with updated WASDE estimates out tomorrow. For those who have had some rain and hold some confidence over production, it may be worthwhile topping up sales if you are below our current recommendation of 20-25%. Reply With Quote
    Aug 12, 2020 | 00:47 28
    Quote Originally Posted by Partners View Post
    I am sure that is better than any China/turdo shit Canada will have.
    Much much better lol Reply With Quote
    SASKFARMER's Avatar Aug 12, 2020 | 06:01 29 I was offered $10.47 for January to the crusher for a special price. FM.

    I sure hope the middle man enjoys his profits on Canola because it sure ain't gold to the Canadian farmer. Reply With Quote
    Aug 12, 2020 | 06:26 30 Here's a good Once Upon A Time story for the little ones....

    Way back in May 2013 you could sell canola for 14.35 USD. Reply With Quote