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New crop canola

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    #1

    New crop canola

    Anyone targeting $11 for a start on new crop pricing? Thought it might be a start. If Drew is right and El Niño continues on till mid summer he says a dry western Canada. Other side is if oil heads back up to $40 then our dollar heads for $75 cents and canola is going probably drop
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    #2
    Nothing wrong with $11, we are thinking the same.
    I think it will have a hard time getting above that for October

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      #3
      $11 October is definitely a good start.

      Drought = futures improve/basis widens.
      Oil/CDN $ rise = futures decrease/basis improves.
      Last edited by Oliver88; Jan 30, 2016, 00:49.

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        #4
        I'm hoping for 11 and that's my starting point.

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          #5
          Click image for larger version Name: image.jpg Views: 1 Size: 14.3 KB ID: 764866


          January 2017 canola and January 2017 WTI

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