If I was a Canola buyer I wouldn't increase the price now!

[SASKFARMER]

Grass your such a expert at every thing!

I'm just saying if crop is out all over the place it's more than the 19% the province is saying!

Your a typical NDP. It's like talking to a tree! Same amount of good information given back!

Nothing just wind blowing past!

[Braveheart]

I don't think grain cos care what the futures price level is, other than that large moves can increase volatility which would be reflected in the basis (risk). They more than likely trade the basis when they buy from producers and sell to whomever. The price of futures will rise or fall as needed to ration supply it's that simple. The oilseed market is global and while the CA canola harvest delays are playing out as a fundamental it's only part of the picture.

But, if basis says store, then store the grain. Farmers prairie wide have screwed themselves selling into a weak basis. When I hear supposedly smart operators ask, " what's the net?, rather than what's the basis?" I just think, " wtf is wrong with you? You are screwing us all."

[farming101]

Meanwhile canola shoots up another 15-17 cents in the futures market. Basis steady.

[furrowtickler]

Will be interesting , trains will need to be filled . What was contracted early is gone.
What's left in the field is a mystery till it actually comes off . What's left in the bin , they will have to buy , not take.

[Tucker]

Interesting all right.. Futures shot up late this afternoon. Basis shifted to absorb it all. Bunge Harrowby.

[grassfarmer]

I'm just saying if crop is out all over the place it's more than the 19% the province is saying!

How would you know? you were looking for 3% thinking it was 19%. Credibility shot. #Math is hard

[iceman]

Really thinking hard about opening a margin account to buy a retarted amount of cheap canola.

That's called a Texas hedge
Long physical & Long the board

Best of luck Iceman Out

[stonepicker]

Sold canola the other day for $11. net. I'm happy. ( nov. del. )