wheat market? canola market?

[farming101]

Basis steady so far. Yorkton area and many locations in MB are enjoying a better basis. Some in AB too.

Some watch the spreads as an indicator of where basis might go. Right now spreads are decreasing so the idea is basis won't widen in this market and may even narrow if there is a shortage in the local market.

[fjlip]

RP 10.50 Dec Canola Target picked up

[Guest]

got to $11 at bunge nipawin for apr, $18 basis

[farmaholic]

I like forward pricing grain in storage...not so much in the field. Just saying though..... $11.00 months out is sometimes attained sooner....but not taking those DDC values is risky. I did that with wheat recently. Canola will be interesting this year. Near term there could be too much pushed onto the market if combines can get harvesting. If they don't get out, I think fireworks will start sooner, otherwise we might have to wait longer to see stronger bids. I sold 14 tonnes that I couldn't squeeze into the bins for about $9.60ish.....reality is already beginning to set in for the trade, stronger bids already.