Markets Beginning 2015

[Hopperbin]

Although I am pretty much considered sold out on canola until I deliver will have scraps to sell. That said canola had easy movement this new crop. The other big one wheat is more of a challenge. That said I believe the issue is wide spread. Meaning canola basis may well have upside potential that we have never seen unless futures prices kick in. Is futures broken? New crop should be higher than july cause there is just going to be no canola left. Maintenance shutdowns lots of time for them. That said any movement out there on some wheat. Wheat is a pain.

[farming101]

Mar Nov spread
<a href="http://photobucket.com/" target="_blank"><img src="http://i1211.photobucket.com/albums/cc421/farming101/Mar-Novspread_zpse1a0b2c3.jpg" border="0" alt=" photo Mar-Novspread_zpse1a0b2c3.jpg"/></a>

[ado089]

Farming, I sold some March $430 calls a while back so I'm covered pretty good to the downside from here. The margin calls in the new year are causing some butt hurt though. I wanted more time value to drop out of them before I dumped them. I guess I'm getting a higher delta now but for the wrong reason.

[crusher]

Farming101 - nice chart post!! Didn't think that was possible.

Nice move in beans today, would be great if it took out the old high, although that is still 5% ($.45) away. Maybe canola can add another 5%. Time to recheck the next round of GPO's.

[mcdon]

Don't count on canola spreads returning to carry any time soon, market working off of 1 million tonne carryout...1 million tonne carryout a tighter scenario than is was a few years ago given increased demand..

[Braveheart]

There were some strong basis bids into crushers here last week. Time to reward this rally with a sale.

[BTO_farmalll]

You Mean #RewardTheCrushers!!!!!!!!

[Braveheart]

Do u spect me to cruuush the oyl myself?

[Barley_Sandwich]

ADO "The roll to new crop also comes with $30 basis hit so you loose more than you gain."

not sure what you mean there.