Canola in Bottineau ND

[cottonpicken]

I'm confused on the cash bid there.

It says 16.46-this cant be per bushel is it?

[mcfarms]

looks like it might be per hundredweight.

[charliep]

What link are you using?

Northern Canola Growers Association is listed below and they quote US Dollars per cwt (hundred weight).

http://www.northerncanola.com/daily_cash/index.asp

[AdamSmith]

Yes that is a per hundred weight price

[dfarms11]

so does that convert to 7.25/ bu? Is that right?

[broker]

my parents are in southern MB and while we are always wanting to haul wheat and barley to the US, they ARE always hauling canola up to my hometown. We usually have a better price on canola up here, the difference is that all they have to do is drive up!

[charliep]

Canola is a 50 lb bushel so would be closer to $8.25/bu. Prices from the North Dakato site are closer to $18/CWT or $9/bu (November forward) with Canadian prices (heavan forbid that such a thing would occur in an open market crop) at a premium to US ones and pricing all the way to next July (if $10/bu is your trigger, you can have it April/May).