Say there is a 14.5 MMT crop out there. Could be. Things have really turned around in a big area.
Looking ahead with the new plant in Camrose online, and supposing that there could be some slack in the crush this year with the the latest gloom and doom, it could still be realistic to say that 8 MMT might be used domestically.(which would be a record)
A 1 MMT carryover for 2015/16 points to an 8 year low in exports to make it work.
Plus no one knows the size of the US bean crop and what El Nino has in store for South America. Lots can happen that would help out our canola market.
$450 November for a fall low anyone?
What could really mess up prices--A 15.5 MMT crop, or China taking a lot less canola this year.
Yields of 40 for Manitoba, 32 for Saskatchewan and 37 for Alberta would be enough for 15.5 MMT.
Looking ahead with the new plant in Camrose online, and supposing that there could be some slack in the crush this year with the the latest gloom and doom, it could still be realistic to say that 8 MMT might be used domestically.(which would be a record)
A 1 MMT carryover for 2015/16 points to an 8 year low in exports to make it work.
Plus no one knows the size of the US bean crop and what El Nino has in store for South America. Lots can happen that would help out our canola market.
$450 November for a fall low anyone?
What could really mess up prices--A 15.5 MMT crop, or China taking a lot less canola this year.
Yields of 40 for Manitoba, 32 for Saskatchewan and 37 for Alberta would be enough for 15.5 MMT.
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