Hey, cp put your money where your mouth is and tell us when you will go long on 100 contracts of canola and prove your marketing wisdom
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Zap I threw this out as a discussion but on the Average Here is it so far.
20000 x 12
20000 x 16
20000 x To gamble
Average so far $14.00 even if it crashes to 7 = $11.66 so how did we do.
To be honest I figure the gamble may pay off either in Seeding (south is dry) or when China finally tells the world were out of product or June when combination of Dry and South America real numbers are out.
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Saskfarmer, exactly. The BEST we can ever hope for from the ulcer-free CWB (hey, that has a jingle to it) is an average price. Not necessarily an average of annual historically good pricing opportunities (if thats your marketing strategy), but just a year long average.
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I dont have to prove anything here.
I am long and leveraged,just not in canola,otherthings are way more undervalued.
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