Canola Marketing

[mcdon]

Fund buying in old crop canola today, funds extending their length. Recent export sales of new crop, that is why open interest beginning to build in Jan-May '16. Funds have gone from net longs in soybeans to net short in 2 days.

[charliep]

Prices are in Canadian dollars. Canola won't make up 100 % of rotation/plan but likely will be 20 to 40 %. What other crop provides the range of delivery opportunities including a processor in your backyard in most areas? The range of pricing contracts?

[SASKFARMER3]

Oats, feed wheat to barns or ethanol, barley to local malt plant. Lentils to Regina etc.
sorry but hey screwed up a great crop. Nice to know its Canadian dollars based in Vancouver. So Canada is the lowest price is the law!

[freewheat]

There are almost no canola delivery opportunities at the moment. Sask is correct, canola is not what it once was. And true about the barns. Feed wheat and barley, heck they are paying 6.70 for feed peas. When canola is under ten at these insane input costs, several other crops have as good a net return, and now with wicked delivery challenges, I would rather grow ABC, than canola. Canola is becoming the way wheat used to be; a rotation crop.

It is not cinderella any longer. It is just another crop. An expensive one to grow at that.

Lots of options, Charlie!

[Hamloc]

Charlie the positives of canola are established and growing markets(Camrose plant),and a positive short term outlook. The negatives of canola are overpriced seed, too many farmers pushing rotation creating disease and pest problems(resistant flea beetles in peace country), high input crop increasing risk. We also have the prospect of large south American soy crop as well as large US crop. Do the negatives outweigh positives time will tell.

[BTO_farmalll]

payu2takemywheat&canlowa,

Welcome To The Future, Where The Hell Ya Been Man!!!!!!!!!

[farming101]

I wonder how accurate the ICE Vancouver "Cash Price" is. StatCan seems to indicate in their Merchandise Trade Database that canola is being exported at values somewhat higher that the ICE price.
<a title="CIMT" href="http://www5.statcan.gc.ca/cimt-cicm/topNCountryCommodities-marchandises?countryId=999&tradeType=1&usa State=0&topNDefault=10&freq=6&commodit yName=Low erucic acid **** or colza seeds%2C whether or not broken&lang=eng&refYr=2014§ionId=2&mo nthStr=November&chapterId=12&arrayId=98000 00§ionLabel=II - Vegetable products&provId=1&refMonth=11&commodit yId=120510">CIMT</a>

For anyone following the Canola spreads...
<a href="http://photobucket.com/" target="_blank"><img src="http://i1211.photobucket.com/albums/cc421/farming101/Mar15-Jul15spreadJan132015_zpsc20c0c97.jpg" border="0" alt=" photo Mar15-Jul15spreadJan132015_zpsc20c0c97.jpg"/></a>

[TOM4CWB]

Dear Charlie,

Thanks for trying to herd cats!

New crop canola can be priced for cash needs in fall... beats wheat but not peas. Did $7.50 for yellows last week off combine.

Another interesting year ahead!

[SASKFARMER3]

Tom your right peas do better but wheat I said is a dud. Canola is a dud other crops less risk more return the seed companies screwed up canola and now we all don't win. Seed costs way to high to grow this crop. Old tec reinvented.

[farming101]

StatsCan link no good.

<a href="http://photobucket.com/" target="_blank"><img src="http://i1211.photobucket.com/albums/cc421/farming101/Aug-Nov15StatscanCanolaexports_zpsa492b87f.jpg" border="0" alt=" photo Aug-Nov15StatscanCanolaexports_zpsa492b87f.jpg"/></a>

[grower99]

Watch for cereal seed prices to go way up too when Upov'91 is implemented. Over time the same restrictions on wheat as on canola.

[SASKFARMER3]

Were so screwed with that! But some experts say don't worry it will help our farm. Yea canola helped one group Bayer and Monsanto. They took a Saskatchewan crop and screwed it up all for huge profits till growers couldn't cover the costs.
Were at that time in history. Wheat Oats and Barley will be next just watch.