Canola

[farmaholic]

101,

Could you please put up a historical canola chart showing how many times canola hit $600/tonne.

Seems a year's time frame in 2012-13 it was there a while?

Next year could see fireworks if productikn is a problem

Seen July 2022 had a trade already.

[farming101]

Not sure if you're talking cash SK prices or futures. 600 cash in SK is in the 98th percentile over 38 years

[furrowtickler]

Finally over $12 here locally for the first time all fall .

[farmaholic]

Damn, I think I've sold too much already3

$eller'$ remor$e.....


thanks 101

[blackpowder]

Your not alone on that one farma.
I made a couple hasty decisions early this fall. Oh well, $11 is still a profitable price. And all the crop share grain fills it leaving more of the $13 stuff for me.
I've likely spent more time being thankful for a sale than regretful.
These last 8 years have been a heck of a ride.
Trick is how to handle the decision on remaining inventories.

[jazz]

In 2013 I held all winter and hit that $14 spike.

My average yields were off 10bu this yr. I imagine most of the canola acres to be in a similar position. In that case the trade runs out by about April 2021. This past year it ran out in June and then tried to cover with stories about carry over inventory and big monster crop coming.

Hold tight boys, there is a convergence of events coming.

Get your fertilizer though.

[farming101]

Damn, I think I've sold too much already3

$eller'$ remor$e.....


thanks 101

DON'T LOOK BACK!
Average up. Better'n last year and all that...
Always averaging up here and still slugging

[furrowtickler]

There was a lot of Canola sold between $10 and $11 ish . Most did because the price was artificially too low all summer and 10-11 off combine at the time seemed decent .
We sold a fair amount as well earlier.
I still want to thank 101 for putting this graph up in summer to show that ..

[bucket]

When you guys all start talking and posting graphs about the high prices in canola....throw a graph in to show the price of machinery and inputs along side of it...

I dont think we have kept pace on with crop prices.....but we could still be making it up on volume....lol.

[furrowtickler]

When you guys all start talking and posting graphs about the high prices in canola....throw a graph in to show the price of machinery and inputs along side of it...

I dont think we have kept pace on with crop prices.....but we could still be making it up on volume....lol.

Very true , not sure it’s showing high prices as much as where it just is is relation to before ?

In that time for sure inputs and machinery has doubled . Parts probably 4x ?

[woodland]

DON'T LOOK BACK!
Average up. Better'n last year and all that...
Always averaging up here and still slugging

Nobody went broke selling or locking in a profit.................. Always better to sell into a rising market than chasing a falling one. 🍀

[farmaholic]

DON'T LOOK BACK!
Average up. Better'n last year and all that...
Always averaging up here and still slugging

"Yes, yes Master Po", says Grasshopper.

[Oliver88]

Up again another $5 per tonne.

[Rareearth]

Woodland singles are good, home runs matter.

Locking in profits, difficult to get ahead when you have cost of production numbers that never trigger a profit. 3 bad years and 1 good then locking in or limiting upside is not appealing to me.

Marketing, selling, hedging, storing, etc and timing is about:
- the trend
-basis
- most importantly fundamentals , ill wait and make my decisions with best information I can gather at the time. Seems very little to no risk with waiting right now
- cash flow

[Herc]

Supply and demand.....

They know the supply, we have no idea on either....