Canola Up!!!!!!!!!!!!!!!!!!

[cottonpicken]

It was my opinion that we would get to the 600ish
level.

It was also my opinion that we would not overcome
that level,with the way things looked technically,this
old crop only(apart of a timing strategy).

So i was wrong.

The question that has been nagging me is-did beans
put the top in back in 08?or where they dragged
down by other events?-idont know the answer,but i
am confident in saying it will be quite sometime
before spring wheat sees new highs(minus a crackup
hyperinflation event)

The outside forces that crashed us a while back are
still there as are the forces that drove us upward to
this point.

I still believe its qe forever therefore currency
debasement,therefore inflation protected asset
classes will be attracting capital,but,yes big scares
and drops along the way.

[fjlip]

Spec traders make money on a change in prices, up or down.
There will be a "herd mentality" for reasons unknown today.
Unless there truly turns out to be a shortage after harvest, all bets off.
Too bad it didn't start in Nov, a billion plus in lost opportunity.

[hedgehog]

some info from scotland,
i heard today that a seed company in england has supplied 1800 tons of seed barley to reseed frosted canola /wheat in the ukraine recently.
they are scouring europe for seed .
my local seedsman got cleaned out of wheat to poland also.
just watch those futures gallop.

[oneoff]

You can bet the farm on literally winning the lottery. You can intend to live forever by using wealth and newest medical technology to live forever. You can expect to consistently out perform the market with bets based on market info and expert opinion BUT
Long term; You can't escape such basic mathematical functions as "the power of doubling", death and taxes. This applies to growth rates of population; resource use, food production; money and profits etc..
Individual skills work extremely well; for a relatively short time, for select people only; but the basic problems eventually come to visit even the smartest and wealthiest. It only takes a small misfortune in health or business or death to shake someone's empire to the core.