Canola is their a great crop out their somewhere!

[tstep]

Just touring around the Grand Prairie fairview rycroft sexsmith areas and there is spots of beautiful crops but there are a lot of shitty one out here to. Half of the canola was good half was WTF!!!

[SASKFARMER3]

So Alberta isn't all roses!

[corey890]

We are burning up in the peace, canola is going to suffer this week and next with 33 forcasted for the next seven days. Some areas havent had any rainfall since seeding.

[charliep]

What I know.

July 31 Canadian canola carryover likely about 3 MMT or just slightly smaller. Canola is moving at a good pace in the commercial system since April.

2014/15 Canadian canola disappearance likely in the 15.5 to 16 MMT range. Exports 8.5 MMT isn. Crush 7.5 MMT isn.

You write in your number on Canadian canola production.

Soybeans on in a melt down at present with expectations for a monster US crop. In particular, soybean oil at under 38 cents per pound will limit anything canola can do price wise.

[charliep]

Your strategies ahead will be as much basis improvement as higher futures. Seems to be support at $450 on the November contract. Can it hold. Your call. A smaller crop will support prices but there are lots of other factors including what grain companies sell/move. The last quarter, canola has been the chosen crop.

[SASKFARMER3]

Ok I'll play your game all bins in east sask will be empty of canola by end of July or aug mid point! Why cash flow we got f$&ked royally on rail movement those in Alberta can't comprehend! Crushers need product their open on sat even!
So your ending number will be way lower unless all you super marketers in Alberta that presold all last years canola were full of shit!
Then the shot show your a smart man Charlie draw a line from pa to stoon to moosejaw then down to border look at shay is the major crop grown east of that line! Now take acres last year yield last year and divide by two now for west side of that line take last year and cut back abut their is your crop production total !
Now throw in cSnola since last fall traded all winter at a. 4 dollar discount! From soy!
Wtf you live in a bubble!
No prices won't go back to 14 but should be higher than soy!

[ajl]

What will be funny is when the CPP doesn't get fall rent and learn why assiniboia was anxious to unload. They should have quite a few acres in the flood zone. Repeat: SK land is cheap for a reason.

[charliep]

Not sure your point. I note lots of analysts are seeking single digit soybean futures (prices $9 to $10/bu versus $11 today. Soybean meal is taking the hit. With corn issues/China, distillers grains are a negative factor.

Just curious if you want to be a seller today. Perhaps I note from your posts that most here are suggesting to defer pricing.

[SASKFARMER3]

Your not getting it are you! Look outside your box ! Look at what I told you now play with your numbers! Soy at ten canola should be same! Not less !

[Wheatking]

Saskfarmer. You will get your $10 on canola not through futures, but on basis. Futures could give a f about the western Canadian crop, they are more concerned with the states. Basis will have to do the legwork.

[charliep]

I'm not the market. I don't make prices. Have had several opportunities at $10/bu plus canola in Alberta over the past month. You could likely get $10/bu even today - just have to shop. I suspect they will occur again - you just have to be patient and pick you selling points.

[SASKFARMER3]

You still font get it selling excess in May and June crushers need it yes I was compensated really ok! But pre pricing on a disaster crop ah what 200000 check to the grain companies because I cXmr cover the shortage! Peas cost me 10000 so far !