Sell Canola

[melvill]

Caseman, yours is an example of the graincos being willing to bid aggressively for August delivery, particularly in a year where they believe that old-crop carryover won't be particularly high.

Any penalty in your contract if you can't deliver 'till September? Did you inquire about September delivery? If you did, what was the price difference?

[caseman]

Sept. price was $9.57. Same company was supposed to take delivery of my oats(SEPT delivery) and I still have them.

I am not worried about being a few days late on a AUG. contract,but most years my canola comes off in AUG.