OK as 2010 turns the corner and fades away and optimism starts again with 2011, lets focus on Canola and percentage of sales that have been made to date. Like Larry says pigs get slaughtered and last two days maybe good evidence of Christmas doldrums starting.
Next week is week before Christmas and its a short week the following, grain markets will coast till new year from here on.
Question of the day for marketing is what percentage of your 2009 crop is sold to date and what percentage of your 2010 at year end.
Were down to nothing left for 2009 as most was sold in last two weeks.
2010 sales have basis levels locked in for march and June and Nov delivery.
12- 13 is an excellent price for Canola.
Marketing into 2011 will get interesting as Argentina is still dry and Damage to Canola in Australia by some reports and photos will come out later. Western Canada is still a swamp and more snow is on the radar for tomorrow.
Simply acreage from all accounts will be huge in 2011. This will have impact on fall prices if the crop does get planted and makes it till fall.
Lots of potential to make money, lots of time till next fall. Mother nature will decide our faith. Lets hope shes in a better mood than 2010.
Next week is week before Christmas and its a short week the following, grain markets will coast till new year from here on.
Question of the day for marketing is what percentage of your 2009 crop is sold to date and what percentage of your 2010 at year end.
Were down to nothing left for 2009 as most was sold in last two weeks.
2010 sales have basis levels locked in for march and June and Nov delivery.
12- 13 is an excellent price for Canola.
Marketing into 2011 will get interesting as Argentina is still dry and Damage to Canola in Australia by some reports and photos will come out later. Western Canada is still a swamp and more snow is on the radar for tomorrow.
Simply acreage from all accounts will be huge in 2011. This will have impact on fall prices if the crop does get planted and makes it till fall.
Lots of potential to make money, lots of time till next fall. Mother nature will decide our faith. Lets hope shes in a better mood than 2010.
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