Canola Futures

[agstar77]

On the rise again at 637for Mar. CP lookin good.

[Hopperbin]

Typical. I sold 50 ton this morning 45 minutes ago and it has not stopped rising.

[agstar77]

My local Viagra rep expects 700 a ton. Canola and soybeans are relatively cheap to wheat. Also oats really haven't taken off.

[AdamSmith]

Yeah, I priced 80t on Tues. but hey it was in the pit and I needed the cash to pay off my 07 Viterra Account.

But I locked in a $25 basis (Cargill SW MB)for June Delivery on my final 200t at the same time as well.

Should I price today at 665-25=$640 or $14.52/bu in my jeans come June?

My little internal instinct tells me to wait and see.

But crap, that's $14 and a half bucks.

Oh well the way I see it, if I wait and it goes higher I'll make a great profit. But if it goes $3 bucks lower, I'll still make a great profit.

This is much better than negotiating the tightrope between profit and loss.

Also I just starting to contemplate new crop sales.

Using a base of below 50% of my 5yr avg. yield was thinking of selling 50% of that for Aug or Sep delivery and then spreading out the rest between a Nov. delivery, and a Jan-Feb Delivery.

OR I THIS THING GOING TO $20 BUCKS A BUSHEL AS WELL?

I don't think anyone can know anything for sure. But it's a damn fun experience anyways.

[cottonpicken]

Fund manager ed:damit i cant believe i missed this commoditie thing and my yield is -2%.

Assistant joe:maybe we should buy some commodities.

Fund manager ed:like what?everything has alreday moved.Gold is over its high,oil is over it high,base metals,wheat.I mean whats left, maybe we should buy some florida relastate?

Assistant joe:so sire,were not buying relastate.How bought canola?

Fund manager ed:Whats a canola?

Assistant joe:its a commoditie that peolpe use.And it really hasnt moved up in price compared to its old highs and inflation.

Fund manager ed:great buy me 75 billion worth of canolas.

Assistant joe:you cant sire.

Fund manager ed:what do you mean i cant.

Assistant joe:Theres not that much to buy.

[cottonpicken]

The canola and oats charts look beautiful to me.

[agstar77]

Canola cash 13.97 , sell unit at 14 .

[agstar77]

Scary, moved over 14 .

[boarderbloke]

agstar77, where are you, and whats the rail freight typically for canola?

[bucket]

$14.00 march dropped in the pit at reed lake pioneer near herbert sask.

This is such a volatile market - maybe everyone should suspend contracts on canola. Just a little jab at all you pro-cwb folks. Some guys will take it. I know I should let a little go. But I am a pig. China's crop is a mess and I think there a little steam left in this bull.