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Jan 9, 2021 | 15:15
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could someone post the chart of the last time canola had a blow off top up through the 700's
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Jan 9, 2021 | 15:34
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 Originally Posted by LQQKY
could someone post the chart of the last time canola had a blow off top up through the 700's
And how often does the market top out
in January?
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Jan 9, 2021 | 16:01
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Here is a 20 year nearby chart. (Others on here could post something better)
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Jan 9, 2021 | 17:50
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Its all because SA is dry was dry at seeding and still is dry in a lot of the country.
So yea things could get interesting.
Oh but canada was told its a huge Canola crop by experts who know jack shit.
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Jan 9, 2021 | 17:52
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Originally Posted by SASKFARMER
Its all because SA is dry was dry at seeding and still is dry in a lot of the country.
So yea things could get interesting.
Oh but canada was told its a huge Canola crop by experts who know jack shit.
Saskfarmer ....dont forget there is a big canola crop coming this year as well....some varieties are sold out.......well at least until July when some of the seed comes back to the retailer...on the same pallets they left on....seen it before....
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Jan 9, 2021 | 19:10
6
If I remember correctly the last spike above 700 occurred in March, hard to predict when it comes this year, USDA report on Jan 12 should set the direction. Canola acres won’t have o be bought this spring, hope there aren’t to many canola snow rotations.
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Jan 9, 2021 | 20:25
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There are several crops with big prices so I’m not sure if canola acres will be too much higher than normal?
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Jan 9, 2021 | 20:33
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I believe canola being where it is is driving more of the specialty crop prices where they have never been as well. We are gonna see a lot of canola snow canola this year in our area. Wheat acres are gonna take a big hit around here.
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Jan 9, 2021 | 20:53
9
Originally Posted by FarmJunkie
I believe canola being where it is is driving more of the specialty crop prices where they have never been as well. We are gonna see a lot of canola snow canola this year in our area. Wheat acres are gonna take a big hit around here.
And where is your area?
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Jan 12, 2021 | 15:18
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$16.08 Camrose Crush May
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Jan 12, 2021 | 15:35
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Originally Posted by blackpowder
$16.08 Camrose Crush May
+$39.00 basis that’s impressive, most I’ve seen in SK is a +10.00
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Jan 12, 2021 | 15:45
12
Grain companies are playing games they don't want to pay farmers and are trying targets, it won't get there and basis nonbasis flat price etc.
It's all about paying the least and selling for the most.
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Jan 12, 2021 | 17:35
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15.09 march here..
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Jan 12, 2021 | 17:44
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Incoming freight to stand for futures delivery plus the hassle probably at this level, ish. Possible that crushers pay $50 over before this is over. Blows a standard hedge program out of the water but wth! Didnt leave any naked spec tonnes  First time for a $1000/ac gross even if only on small amount.
Thank the Donald for Chinese trading behavior the last few years?
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Jan 13, 2021 | 17:01
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$1000/acre has a nice ring to it!
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Jan 13, 2021 | 17:56
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Now if only we could price September for 15 or higher.
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Jan 13, 2021 | 22:29
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Crush margin has changed a lot in the past week. Better margins based off July and Nov now. Watch the inverse. May be unwinding.
The plant went to +32 July del basis July - self haul
Camrose is +45 for June/July del basis July
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Jan 13, 2021 | 22:35
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Originally Posted by Partners
Now if only we could price September for 15 or higher.
Starting to see $12 September specials.
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Jan 14, 2021 | 13:43
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12 bucks oct..
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Jan 25, 2021 | 14:51
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Canola and HRS wheat up big.
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Jan 28, 2021 | 08:03
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are we there yet?
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Jan 28, 2021 | 08:48
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Not yet
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Jan 28, 2021 | 12:44
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Originally Posted by LQQKY
could someone post the chart of the last time canola had a blow off top up through the 700's
.
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Feb 17, 2021 | 14:53
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Are we there yet?
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Feb 17, 2021 | 18:27
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canadian canola is offered +800 into the US July-Sept
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Feb 17, 2021 | 19:11
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Originally Posted by macdon02
canadian canola is offered +800 into the US July-Sept
That’s encouraging news, might have to revise my targets, still have all my canola, nothing priced yet. So exporting to crush plants in the US by rail?
Last edited by Sodbuster; Feb 17, 2021 at 19:15.
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Feb 17, 2021 | 20:45
27
Originally Posted by Sodbuster
That’s encouraging news, might have to revise my targets, still have all my canola, nothing priced yet. So exporting to crush plants in the US by rail?
They are out of beans... having said that, you don't want to hold too long either. This might run out of gas quicker then a guy thinks. I show a $25~ range splitting $800, roughly..... I'd dump a significant portion on both sides unless you want to make birthday cake for it. But that's just an idiots opinion.
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Feb 17, 2021 | 20:51
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Originally Posted by macdon02
They are out of beans... having said that, you don't want to hold too long either. This might run out of gas quicker then a guy thinks. I show a $25~ range splitting $800, roughly..... I'd dump a significant portion on both sides unless you want to make birthday cake for it. But that's just an idiots opinion.
Double check those bins but I’m sure you are watching them like a hawk.
Go and get some 💰
Iceman out
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Feb 17, 2021 | 21:18
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Cargill $16.40 for June today.
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Feb 17, 2021 | 21:52
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Originally Posted by iceman
Double check those bins but I’m sure you are watching them like a hawk.
Go and get some 💰
Iceman out
You can splurge and turn the fans on, "just cuz"
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