Canola coming to town

[farming101]

Highest canola deliveries, 392,900 tonnes, since the 5 week harvest period last fall.
Haven't run out yet!

[farmaholic]

101, I think when it breached $10 by a decent margin alot got priced, I'm in that camp. Does the week you're talking about coincide with the $10 plus canola offers? I did price to early, but...

[farmaholic]

Make a chart of deliveries versus price. You're good at it.

[farming101]

Week ending JUNE 28

[farmaholic]

.....for the previous 12 months.

[farming101]

Ha! You're asking too much at 11 PM.

Next price target for canola, $12 picked up in yard. Very close.

[farmaholic]

Would you use average weekly/monthly prices? Maybe not as easy as I think.

Maybe tomorrow....

[farming101]

Average weekly are available. Sort of a province wide average price.
Weather and field activites have as much to do with deliveries as price trends.
Also, some canola has been priced long before it is delivered, so a chart would be a trailing indicator at best, I'm thinking.
Never thought of doing one and what it would show. I'll look into it.

[SASKFARMER3]

I don't know I think no different than usual were filling a large contract we did for June July that we did at zero basis back in March.
Lots of the same guys in line ups that always see at this time of year.

[farming101]

I would say the prices used here should be viewed as a trend price, not applicable to any area in particular.
<a href="http://photobucket.com/" target="_blank"><img src="http://i1211.photobucket.com/albums/cc421/farming101/Canola%20deliveries%20and%20price_zpscu6ucla0.jpg& quot; border="0" alt=" photo Canola deliveries and price_zpscu6ucla0.jpg"/></a>