Ok Canola Basis is Zero In Eastern Sask, Are all the Bins Empty

[charliep]

I should note the contract is more than the front page they fax you to sign with contract details like price, grade, quantity, delivery period period and so on. It is the 3 to 5 pages of fine print that follow the front page (or in many cases the reference to a link on their website.

[charliep]

To the original topic, I would be watching the charts. Nervous when a market rallie unbated for over 2 months.

[URL="http://www.farms.com/markets/?page=chart&sym=ZSK12"]May soybeans[/URL]

Corn and wheat looking more sickly (or least in my eyes).

<a href="http://www.farms.com/markets/?page=chart&sym=ZCK12">May corn</a>

<a href="http://www.farms.com/markets/?page=chart&sym=MWK12">MGEX</a>

[errolanderson]

It's just a matter of time until China's
slowing economy hits North America full-
on. Canola and soybeans remain heavily
overbought.

November canola 550 puts traded today
for $21/MT.

There are warning signs around commodity
markets right now.

Errol

[farmaholic]

Bucket: Besides what wmoebis said about forward selling to meet payments then companies don't take it on time, who pays the penalties? Here are some other considerations, hauling earlier than the contracted delivery period on spring banned roads(smaller loads), or when it's 40 below with a wind. Giving them product earlier than contracted, doesn't this keep them out of the market trying to secure a supply because they can use already contracted grain?
I realize everyone needs to be flexible. If we get too pushy they may just push back when they have the opportunity as well. I'm not preaching because I've delivered early myself in the past but I can't help but to wonder if they needed grain why call contracted grain earlier when they may be able to access it in the market? Just thinking. (dangerous)