If you look at the Historic Daily Canola chart, it appears we're $69.80/t higher on the futures Nov 30th 2010, than we were Nov 30th 2007, just ahead of the big run up in 2008, where we peaked on Mar 3rd in the JULY.
Nov 30/2007 Nov30/2010
futures pit futures pit
------- ----- ------- -----
cash $9.65 cash $11.71
JAN 466.60 $9.97 JAN 536.40 $11.80
JUL 494.50 $10.72 Jul 544.50 $11.99
Mar 3th, 2008
cash in pit, $16.38
JULY delivery $16.56
Dollar value, as close as I can tell for Nov 30th, 2007, was at $0.9805, for Nov 30th, 2010 at $0.9746.
Nov 30/2007 Nov30/2010
futures pit futures pit
------- ----- ------- -----
cash $9.65 cash $11.71
JAN 466.60 $9.97 JAN 536.40 $11.80
JUL 494.50 $10.72 Jul 544.50 $11.99
Mar 3th, 2008
cash in pit, $16.38
JULY delivery $16.56
Dollar value, as close as I can tell for Nov 30th, 2007, was at $0.9805, for Nov 30th, 2010 at $0.9746.
Comment