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Canola blow off top?

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Jan 9, 2021 | 15:15 1 could someone post the chart of the last time canola had a blow off top up through the 700's Reply With Quote
Jan 9, 2021 | 15:34 2
Quote Originally Posted by LQQKY View Post
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? Reply With Quote
Jan 9, 2021 | 16:01 3 Here is a 20 year nearby chart. (Others on here could post something better)

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SASKFARMER's Avatar Jan 9, 2021 | 17:50 4 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. Reply With Quote
Jan 9, 2021 | 17:52 5
Quote Originally Posted by SASKFARMER View Post
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.... Reply With Quote
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. Reply With Quote
Jan 9, 2021 | 20:25 7 There are several crops with big prices so I’m not sure if canola acres will be too much higher than normal? Reply With Quote
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  • Jan 9, 2021 | 20:33 8 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. Reply With Quote
    Jan 9, 2021 | 20:53 9
    Quote Originally Posted by FarmJunkie View Post
    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? Reply With Quote
    blackpowder's Avatar Jan 12, 2021 | 15:18 10 $16.08 Camrose Crush May Reply With Quote
    Jan 12, 2021 | 15:35 11
    Quote Originally Posted by blackpowder View Post
    $16.08 Camrose Crush May

    +$39.00 basis that’s impressive, most I’ve seen in SK is a +10.00 Reply With Quote
    SASKFARMER's Avatar 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. Reply With Quote
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  • Partners's Avatar Jan 12, 2021 | 17:35 13 15.09 march here.. Reply With Quote
    blackpowder's Avatar Jan 12, 2021 | 17:44 14 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? Reply With Quote
    Jan 13, 2021 | 17:01 15
    $1000/acre has a nice ring to it!
    Reply With Quote
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  • Partners's Avatar Jan 13, 2021 | 17:56 16 Now if only we could price September for 15 or higher. Reply With Quote
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  • Jan 13, 2021 | 22:29 17 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 Reply With Quote
    Jan 13, 2021 | 22:35 18
    Quote Originally Posted by Partners View Post
    Now if only we could price September for 15 or higher.
    Starting to see $12 September specials. Reply With Quote
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  • Partners's Avatar Jan 14, 2021 | 13:43 19 12 bucks oct.. Reply With Quote