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

[boarderbloke]

furrow, I like your point, Even if this dip in the jet stream moves east, (bringing them cool, cloudy, damper weather), to include the "Midwest", beans will be easier to harvest than corn, heck combine beans there will still be easier to harvest than flax will be here.

Beans and straight canola were the first crops guys were getting back into after the last big rain. Bean stalks easy to put through, and separate the grain from, compared to trying to put flax straw through and TRYING to SEPERATE the SEED from the TOUGH STRAW.

[blackpowder]

Be careful with margin accounts or your handle could well be Tasfarmed.

[furrowtickler]

Yup just pointing out that this may be a high for canola prices for a little while if some of this canola crop starts to come off again
Agree S/F that there will still be a lot left out that will not get harvested but I can see a small blip coming from the current prices and if you need to move it shortly this might be a pricing opertunity short term .
Long term you are right that is a game but that's been part of that business for nearly a century.
If you have a chance to get your crop off just be thank full and try not to complain . There are guys out there with millions of dollars of crop under snow that they may have to burn come spring.

[grassfarmer]

.....Like the one that Saskatchewan only has 19% left to harvest. Take a drive at 19% you would see a quarter every 8 miles Ah some places you have to drive 8 miles to see one harvested.

Bull shit and more bull shit.

At least you qualified your comments with your closing statement. If you drove 8 miles you would pass 32 quarters (16 on each side). 19% unharvested would result in you passing 6 unharvested quarters on average. Your 1 quarter every 8 miles scenario would indicate 3% unharvested.

#Math is hard.

[furrowtickler]

Standing canola from two days ago in an area with some snow. A lot of areas far worse.

[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.