Canola in Field!

[boarderbloke]

what a canola trader thinks, from yesterday, Oct 7th

http://www.agriculture.com/ag/futuresource/FutureSourceStoryIndex.jhtml;jsessionid=KR1NGGVQHY OEYCQCEARCCAQ?storyType=grain&storyId=168900824

[TOM4CWB]

Hi Folks,

I would say 65% canola harvested on average... south central AB 75%

Most cereals finished.

Straight cut guys ones who are in big trouble! 50%?

[SASKFARMER3]

So let me get this right according to the trader supply is huge so no worry. $400 magic number for highest price. So again why the hell do the canola growers association feel we need a 15,000,000.00 to crop and are bragging and bragging about it. If a PS poor 11 ton or less crop drives demand and prices down, what the hell will 15 get us back to when we started canola at 4 to 6 a bushel.

[Kodiak]

I saw the same story. As soon as I saw who they were quoting I didn't bother reading any further.

[Kodiak]

Anyone who listens this BS, needs to find a better read.

If Ken Ball honestly believes that the market cares one bit about supply and demand, he wouldn't make a very good trader IMHO.

How many bean, canola, corn, cotton, coffee,cocoa etc..etc.. shortages were there on 08???

Like I said if anyone has a second. Take a look at a COT chart.....The proof is in the pudding.

[wd9]

SF3, as you may or may not know with canola accounting for around 2% of the world veg oil complex we are not price setters. However, the demand of 15 million tonnes is for 2015 where additional crush, biodiesel mandate, and customers who gear up to use canola can actually be supplied it.

The biggest problem of the past is the crop was just too small to encourage switching blends and labels and suppliers if one year the supply is there and the next it isn't.

There does need to be a critical mass in the size of cdn canola and careful examination found a good balance at 15 million tonnes by 2015 projecting realistic use demand. Also, 15 mtn is a stretch to make that production by then, i think. The yield curve has slowed down on breeding so it will be a challenge.

You need a big enough amount of product to sell to buy the use of canola in this world otherwise no one wants to bother using it. Your price for canola however will still be mostly determined globally and not directly by either goals of the CCC or our production.

[checking]

Have these 50-80 km winds done much damage to canola swaths over the past two weeks? This is a fairly sheltered area, but those north-south swaths have not stayed put. Even the east-west have fluffed up in the wind.