Grain / Cattle Market Test Again

[errolanderson]

bucket . . . if Cdn production is
threatened by weather, canola prices
will go to a sharp inverse to soyoil.
But canola buyers will start to look
elsewhere and substitute veg oil
supplies. Canola prices would go up, but
canola export demand may falter . . .
it's all about the law of supply and
demand.

Guys . . . I've mentioned this before,
but if stock markets heave, commodities
heave no matter the supply or the
demand. The battle for supply will just
happen at a lower price point. The sky
is not the limit for cash canola prices.

[bucket]

Sure there are better varieties of canola but when that flower blasting starts, it ain't pretty.

Just saying the last few years has been very good canola growing seasons and not within the historical data.

Saskatchewan rarely gets 20 inches of rain in a year let alone in three months.

Even back to a normal weather pattern, it would leave the canola crop short for demand with a record acreage.IMHO.

[Kodiak]

Whether a market break happens in 6 days, in 6 weeks, or in 6 months, makes all the difference in the world.
Predicting a market break is easy. Predicting 'when' is more difficult and more important.

[furrowtickler]

If canola slides to $9, some around here will be sweating bullets.... Alot of land rents were based off very high(over ave) yields and $12 canola. They best be locking in asap before that happens. And it is still very very dry here - missed this last snow event again.

[bucket]

A foot of snow is just a pain in the ass. I would rather it been an inch of rain.