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Canola Down ???

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    #11
    Opportunities came around last week. Locked in our first new crop canola pricing on last week's spike at $12.50 per bushel. Now we just have to grow it.

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      #12
      Will wait for the combine, holding some 2014 for $12, never got there locally. Too risky, rain is so rare, crop will go backwards.

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        #13
        No way in hell can I price anything until after it hits the bin.

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          #14
          The graincos got the upper hand.

          The longer they keep the government out of this the less they have to use the market. Just take delivery on anything that gets a call because they know farmers have to sell.

          And in dire try that's why these programs are set up this way.

          Unlike the states where the market help determine the level of coverage.

          Graincos have the mps on strings we are ****ed.

          It doesn't happen this way in the states.

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            #15
            I wouldn't be surprised to see all grains and oilseeds take a big slide until September or later. There seems to be something about the July 4 weekend that, after, markets take a dip.

            All the news is in. USDA planted acres, the ww harvest and quality, etc.

            The market will eventually respond to reduced corn/soy acres, dismal wheat quality and yields but it might take until Nov or Dec if the US dollar would just calm down.

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              #16
              That's right because the fx is in the basis.

              ****ing 78 cent dollar and prices where they are is a perfect example of collusionary tactics.

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                #17
                Not sure I understand the thread. Canola is 80 dollars per ton higher today yet than two months ago. And July pricing is not available to anyone anyway. Down 4.9 today. relax and don't let cottons ***** eat you.

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                  #18
                  Not sure I understand the thread. Canola is 80 dollars per ton higher today yet than two months ago. And July pricing is not available to anyone anyway. Down 4.9 today. relax and don't let cottons ***** eat you.

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                    #19
                    Markets down on China fears.

                    And the carnage continues tonite as Chinese stocks remain in-collapse.

                    More commodity pressure tomorrow.

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                      #20
                      Wow didn't realize that 1/2" fixed drought! Canola crops look way better from the road then they really are.

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