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>

[farming101]

Amended
<a href="http://photobucket.com/" target="_blank"><img src="http://i1211.photobucket.com/albums/cc421/farming101/Canola%20deliveries%20and%20price_zpshq5nbfn2.jpg& quot; border="0" alt=" photo Canola deliveries and price_zpshq5nbfn2.jpg"/></a>

[farmaholic]

Boy, not what I expected to see. Deliveries seem to be completely divorced from prices and there wasn't near as much price variability as I would have thought. The price line sure is flat(good job keeping it under $10 for months and using the $10 price lever to pry open bin doors). Deliveries are probably more influenced by cash flow needs, and time of year. Harvest was huge, Christmas deliveries fell, seeding time deliveries fell, that can all be expected. And you made a good point earlier about DDC skewing the numbers even more.

Thanks 101

[farming101]

It is heartening to see that producers have held some back and can capture the better prices of late.
I think this year cash flow demands governed canola sales for many.