March Canola visualized

[bucket]

Coleville

Can you update that chart. I am not a chart watcher, I just have had a nagging feeling since harvest that there is not enough canola. It takes time for the info to work through I guess. But I sold at 14 feb delivery, thought it was a nice place to start sales again.

A week ago we were talking about the cwb ads, the CBC just mentioned it yesterday. Things like that make me think farmers have more info, and sooner, and then get nervous and sell because the info that drives the markets hasn't got to the traders or the MSM.

[charliep]

Will comment this is a meal driven rally with soybean oil lethargic and more or less range bound. Canola has its own challenges around tight supplies but needs support from soybean oil. Did the calculation today and 70 % of your value comes from the oil side and 30 % from meal. I suspect the oil is even a greater is I used cash oil/meal versus futures.

[charliep]

Farms.com has good charts. Pick canola. Pick your month. Look at the bottom of the chart. Can do interday trading charts (down to 5 minutes) as well as weekly/monthly. I will note sometimes frustrating as the charts are not always available.

[URL="http://www.farms.com/markets/?page=default"]farms.com[/URL]

[errolanderson]

today's close is hugely important. If this
rally holds until 1 p.m. then more up
ahead. But if canola fails late day, the
price party is suddenly over.

crazy, but true . . . .

[ColevilleH2S]

I just discovered farms.com will let you do comparisons of two commodities on the same chart. Here is the Canadian Dollar (green line), vs the March Canola contract (sticks), over the last 9 days. % values on the y-axis.

<a href="http://beta.photobucket.com/" target="_blank"><img src="http://i335.photobucket.com/albums/m441/npksetal/Bucket/CDNRSH_zps69b23fe8.jpg" border="0" alt=" photo CDNRSH_zps69b23fe8.jpg"/></a>

I see I misspoke in my post above, I should have said the Canadian dollar has been flat since the 24th. I'm think I'm confused as to the difference between the XD and CD, Canadian dollar contracts :-(

[boarderbloke]

nice gragh, canola did riase with the dollar since the 27th though, demand!

[boarderbloke]

This could have something to do with it too!

[URL="http://www.scmp.com/news/china/article/1137897/food-self-sufficiency-no-longer-option-china"]Chen Xiwen[/URL]

[boarderbloke]

Check out temperature forecast for Argentina Jan 30th and Jan 31, that's gotta hurt crops.
[URL="http://climayagua.inta.gob.ar/pronosticos"]Argentina High Temps[/URL]

[ColevilleH2S]

[bucket]

Errol

Is that a strong enough close to keep
the run going?