Current Canola Bounce

[TOM4CWB]

Lee and Rain;

I know crushers like CanAmera are having fun making ends meet... Canola oils are a value added product for them... they have oil packageing facilities... and as far as I can tell these integrated value chain facilities are paying the bills for them this year.

Canola Oil for Export seems to be very difficult for them to sell, at a decent price... to recover a reasonable crush margin. So the crushers sell as little export Canola oil as possible. Hope this helps!

[TOM4CWB]

Rain;

I seee Canola is bouncing down!

$10/t goes by fast doesn't it!

How many people got the 20-30cm of snow the CWB advised everyone on the planet... was supposed to have fallen on western Canada?

We got maybe 2cm.

[melvill]

rain, I looked and looked for a visible or public source for canola oil prices and I couldn't find one. The reason, of course, is that the oil isn't traded at any public market or location. The deals are made in private between sellers (crushers) and buyers much the same way as deals are made for grass seed or chickpeas or hundreds of other commodities.

There are, however, several sources for that information if you are willing to pay for it. One is a subscription-only web site www.fats-and-oils.com. Several well-known fee-for-service farm market information sources also update their subscribers with canola oil-soyoil spreads as part of their regular service since it has an important impact on their ideas of price outlook.