US Soyoil Prices Heading up?

[rain]

go have a look at www.alternativegrain.com they have a chart there with a soyoil outlook on it. This guy thinks canola has room to rock with soyoil

[timm]

the cbot also has good marketing info

[charliep]

Interesting to see today's action after the USDA report. I'm glad I am not short either soybeans or soybean oil.

Canola futures, although still up, lag behind. What is happening with basis levels? My thoughts are tighter basis levels will be a first signal of export business versus higher futures.

[timm]

i haven't pulled the trigger yet either .i feel greed setting in .i wonder if larry is short.

[timm]

I wouldnt trade that canola contract with your money, Tim!

Even after you made a southern mustard run.

Canola up $6.70 today, basis widened $4.00 by some companies.