Yes, get to know what is a good basis in the deferred months.
Another thing to consider is that fully one third of the canola that leaves the bin goes directly to a crush plant on the prairies.
These plants have to keep seed coming in regularly. Just a guess but I would think that across the industry they only have enough for two weeks even if they were full to the rafters.
Not sure what effect that has on futures market, but it does mean canola is always trading.
Another thing to consider is that fully one third of the canola that leaves the bin goes directly to a crush plant on the prairies.
These plants have to keep seed coming in regularly. Just a guess but I would think that across the industry they only have enough for two weeks even if they were full to the rafters.
Not sure what effect that has on futures market, but it does mean canola is always trading.
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