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Nov 17, 2022 | 07:57
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Canola price has been moving down for the past few days.
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Nov 17, 2022 | 08:49
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 Originally Posted by Goodtime
Canola price has been moving down for the past few days.
Canola price hit resistance at $900 and now is ratcheting lower. Bearish tone in the markets right now imo.
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Nov 17, 2022 | 08:58
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Or maybe there are no forward export sales?
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Nov 17, 2022 | 09:00
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Originally Posted by Rareearth
Or maybe there are no forward export sales?
Crushers full like I said before..
Last edited by Partners; Nov 17, 2022 at 09:19.
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Nov 17, 2022 | 09:27
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Malaysian palm oil plunged 10% so far this week. Soyoil appears technically topped out. Crude oil falling.
It's a recession . . . .
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Nov 17, 2022 | 11:58
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The usd/cad exchange would be a factor in the last week or so price decline. Sold some when futures hit the 900 area, looks like I should have sold some more.
I was hoping for a little run but now I’m hoping it will recover from it recent loses before Xmas.
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Nov 17, 2022 | 12:03
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Lots of land and steel pymts. due dec. 1 and grain co's have caught on.
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Nov 17, 2022 | 12:45
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Good news . . . solid drop in gasoline prices, diesel starting to break as well.
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Nov 21, 2022 | 06:54
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Canola is still dropping....brutal.
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Nov 21, 2022 | 07:58
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Originally Posted by Goodtime
Canola is still
dropping....brutal.
$11.55 wheat now that is brutal.
$12.80 yellow peas
Grain News said:
Priority No. 1:
“Produce More”
More for what???
For lower prices???
There is little demand for some products as it is and growing more just adds to the problem.
Canola crushers are making wads of cash each day. Someone is making a pile of cash.
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Nov 21, 2022 | 13:36
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Originally Posted by Goodtime
Canola is still dropping....brutal.
If under $20 canola acres will drop next yr.
Malt bly kicking its butt..
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Nov 21, 2022 | 13:50
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Originally Posted by Partners
If under $20 canola acres will drop next yr.
Malt bly kicking its butt..
Agree and $4.50 oats will become barley acres.
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Nov 21, 2022 | 21:38
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If we as farmers quit selling now that the price has dropped I believe we can greatly influence the price to recover and then some. Crushers making wads of cash from our canola will need to be buying more. They quite likely have oil contracts so they need a steady supply
Futures seem to be somewhat stabilizing tonight. Lock the bin and let the buyers know they have to pay up!!
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Nov 21, 2022 | 22:04
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Originally Posted by Livewire
If we as farmers quit selling now that the price has dropped I believe we can greatly influence the price to recover and then some. Crushers making wads of cash from our canola will need to be buying more. They quite likely have oil contracts so they need a steady supply
Futures seem to be somewhat stabilizing tonight. Lock the bin and let the buyers know they have to pay up!!
I like the way you think.
Problem is my good looks only go so far as paying bills are concerned, and it’s yr end and I’m on my last mulligan.
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Nov 22, 2022 | 08:46
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Originally Posted by BTO780
I like the way you think.
Problem is my good looks only go so far as paying bills are concerned, and it’s yr end and I’m on my last mulligan.
Take a CCGA cash advance and lock the bins.
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Nov 22, 2022 | 09:59
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Not a good opinion..."Demand is the key for canola right now with not much on the horizon in 2023…"
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Nov 22, 2022 | 18:04
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Originally Posted by Partners
Crushers full like I said before..
Cargill has been pulling December canola for a couple weeks now.
Camrose crush plant has a catchment area 3 and a half hours east. Doesn't sound full.
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Nov 22, 2022 | 18:56
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Originally Posted by LEP
Cargill has been pulling December canola for a couple weeks now.
Camrose crush plant has a catchment area 3 and a half hours east. Doesn't sound full.
They must have had less farmers pricing than RP yorkton. And bunge Dixon..
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Nov 22, 2022 | 19:05
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Looking to empty a bin to clean up some bags and can’t find anywhere taking on spot price, basically a quota system on canola, we gained nothing , back to pushing commodities .
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Nov 22, 2022 | 19:28
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Originally Posted by Partners
They must have had less farmers pricing than RP yorkton. And bunge Dixon..
A much larger crop in eastern Sask most likely the main reason
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Nov 22, 2022 | 19:58
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Originally Posted by furrowtickler
A much larger crop in eastern Sask most likely the main reason
Lots of bagged Canola still out here.
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Nov 22, 2022 | 20:04
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Originally Posted by shtferbrains
Lots of bagged Canola still out here.
Not here, east or south
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Nov 22, 2022 | 20:41
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Originally Posted by Partners
They must have had less farmers pricing than RP yorkton. And bunge Dixon..
RP Yorkton isn't full.
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Nov 22, 2022 | 21:29
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Crude oil direction has a lot to do with canola’s price path . . . .
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Nov 23, 2022 | 00:11
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Did you really think 15$ wheat and 25$ canola was going to be the norm?
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Nov 23, 2022 | 00:25
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Originally Posted by tweety
Did you really think 15$ wheat and 25$ canola was going to be the norm?
$25 probably not but $20 with costs where they are is almost a benchmark now. $100 per acre seed and $150 fertilizer another $200 in other costs. If your plans work and you hit 50 it’s all good but a couple 30 bushel crops at $15 you’re losing.
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Nov 23, 2022 | 02:36
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Originally Posted by Partners
Going by this from wadena RP?
I don't sell thru Wadena.
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Nov 23, 2022 | 03:40
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thank heavens for oil bonification premiums in oz.
our state 1.5% of base price above 42% oil
we delivered 46.2% today
so tad over 6% increase in price.
if you were lucky enough to contract at 1200 per tonne add 6% on top aint bad
PS same discounts apply below 42% but then you get smart and sell to buyer with flat cash no bonification.
but smart by buyers they outload from elevator at stacked average
clear as mud eh
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Nov 23, 2022 | 14:15
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Lock the bins?
Maybe should have emptied them at $ 20.50..?
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