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Seasonal Canola

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    #91
    Local basis widened out to more than $47/tonne for nearby months.

    Comment


      #92
      Originally posted by farmaholic View Post
      Local basis widened out to more than $47/tonne for nearby months.
      Whaat! You mean grainco's can take a cookie too? See post #22

      https://www.youtube.com/watch?v=KTFJ9gjfAXg https://www.youtube.com/watch?v=KTFJ9gjfAXg

      42 ships on the west coast as of Sept 13.

      Comment


        #93
        Originally posted by farming101 View Post
        42 ships on the west coast as of Sept 13.
        These are all waiting for canola?

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          #94
          Originally posted by jazz View Post
          These are all waiting for canola?
          No, all grains

          Comment


            #95
            Originally posted by farming101 View Post
            No, all grains
            A ship would not sit floating empty without some certainty they are getting product soon.

            This has to be all the pre bookings before harvest.

            Comment


              #96
              Originally posted by farmaholic View Post
              Local basis widened out to more than $47/tonne for nearby months.
              Demurrage costs money

              Comment


                #97
                According to GMP three ships have been here for more than 26 days.

                Average time in port for vessels that sailed in the week ending Sept 13 is around 15 days

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                  #98
                  Originally posted by farming101 View Post
                  According to GMP three ships have been here for more than 26 days.

                  Average time in port for vessels that sailed in the week ending Sept 13 is around 15 days
                  Would be nice to know more about the logistics behind all this.

                  Are these actual sales or are ships just rolling up on our shores on the assumption we will sell a bunch before the snow flies.

                  Comment


                    #99
                    Originally posted by jazz View Post
                    Would be nice to know more about the logistics behind all this.
                    You can say that again....

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                      Originally posted by farmaholic View Post
                      Local basis widened out to more than $47/tonne for nearby months.
                      Too funny, Ceres Northgate id $70.00/t basis.

                      Guess your not in the ghetto after all !

                      Comment


                        I think there is a strong desire to unload straight cut canola earlier rather than later. Could be part cause for the demand to deliver, and graincos saying, not all at once.

                        Comment


                          Futures, wow.

                          Will we see $600?

                          Farming One Oh One? Can you post a graphic

                          I focus on July because that's the month I'm contracted against
                          Last edited by farmaholic; Sep 18, 2020, 05:48.

                          Comment


                            Originally posted by farmaholic View Post
                            Futures, wow.

                            Will we see $600?

                            Farming One Oh One? Can you post a graphic

                            I focus on July because that's the month I'm contracted against
                            Increase of $53.50 to get there.

                            Paging 101......

                            Comment


                              600? It will take new news.

                              This has been a parabolic move higher.
                              Look at any chart and realize that it won't go up forever.

                              About all I can say is that we will see fairly stable July 21 values in here give or take.
                              There may be stabs higher; 562.20 is resistance using a lot guessing.... but as I said before concentrate on support levels. Don't fret loosing a few off the top, but don't miss setting some good profitable returns

                              July is on the verge of going into uncharted waters...here are a few graphics for you.
                              Click image for larger version

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                              Click image for larger version

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                              I'll maybe put up a July 21 chart later....

                              Comment


                                A question...how many farmers can participate in this rally with physical bushels?

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