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Canola on a runaway?

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    #11
    What I find interesting is the old/new crop spread - narrowed up slightly. Most companies are pricing off November anyway. Having said, I would watch this spread. Canola carryover in the 1 MMT (Ag Canada) to 1.5 MMT range is tight but less significant with potentially an early harvested crop.

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      #12
      Defiantly a canola wreck in our area.
      What canola is more accurate.
      Lots are reseeding but we all know June seeding has its own problems. Time will tell I guess.
      If it freezes August 19 like it did in 2004 it won't matter when it was seeded.
      Gotta love this farming.

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        #13
        Jake, if it freezes Aug 20, it's not going to matter on any farm!

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          #14
          Im kind of glad I still have half of last years canola in the bin unpriced. July put call spreads are sitting maxed out. Too bad a crop this year is quickly evaporating and freeze drying. Also glad I've only got 50 lbs of N down so far.

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