Carnage in Canola

[cottonpicken]

My condolences to the guys that where pre selling 4
to 12 months ago and then missed the last 3 month
rally.

We very much need a bounce here at 15(beans) but it
feels weak and if it doesn't hold hopefully 14 will
which is pretty solid,but then the timeline for a
descent rally is drug out to far.

How did all the pay for analysts do?

[SASKFARMER3]

One was out yesterday only $32,000.00
for the year and I get a market news
letter plus a computer program to chart
my progress.
Yes if you look at what I have left not
priced gee I did loose some money in the
last 8 trading days. DAh! But then when
I turned it around and said All the guys
you told 7 was a good starting point for
their HRS a year ago and I sold for
close to 10.
But that one they didnt here. Because
they didnt get my $32,000.00.
I have control till its sold and I have
the check. But if you owe huge dollars
to every single person on the planet
then guess what their program works for
you.
I think we will hold above 14, their is
just to much shit going on in the beans.
But stats can is on its way in a hour
and a half and who knows what BS they
will spew.

[cottonpicken]

32,000,are you serious?,lol,holly molly

[cottonpicken]

Just to be clear,that wasn't me saying sell wheat at 7 a
year ago.

[SASKFARMER3]

No these guys that were at the farm were
out last year when the CWB was ending
saying 7 was a good starting point. All
that are signed up with them went for it
and presold. I took a decent basis and
waited till summer then sold. But yes its
$32,000 or 3.20 to 4 a acre. Yes I have a
lot of emotion about farming but when I
see a price that's good I take it.

[SASKFARMER3]

Now I have a question, would you take a
.55 cent cost on calls for march on 2000
tons. Yes its a 48,000 gamble but with a
short crop why not try for a little
profit.

[cottonpicken]

Personally i would hold off for a bit.

This is short term stuff,so everyone take it with a
grain of salt.

Beans made the 15.50 bounce i was looking for,but
now within the next several days I've got a canola
correcting down to 560,of course i hope i'm wrong
and 15 holds.

[SASKFARMER3]

To much emotion today" Yes their is"

[Hopperbin]

maybe we could put a pool of money together to help with Sask3's stress. :-) For the marketting advice of course.

[mbratrud]

My condolences to the guys that panicked in the past few days, your sacrifice and contribution to the demand story is appreciated.