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canola bounce

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    #1

    canola bounce

    Is this the bounce we've been waiting for before the march down to $380 continues or is this crop disappointing enough that we've out in a bottom?
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    #2
    So far I don't think anyone would say it is anymore than a dead cat bounce.
    Another week of stabilizing/rising prices to change the picture at all.

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      #3
      Grazed the top of the downtrend line. I was a seller.

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        #4
        I want to short canola, I think it will still bleed $25/mt. That said I think it was grossly over sold and I hate margin calls. I'm looking for a $15 bounce but I'm not sure if that's the right figure. I think Monday will tell.

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          #5
          Trying to get that $25 might be like trying to catch a falling knife.

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            #6
            Trying to get that $25 might be like trying to catch a falling knife.

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              #7
              smaller canola crop and tight soybean supply in usa. Good luck with catching the falling sharp knife.

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                #8
                Closing in on $15 bounce off the low.

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