Canola sales

[crusher]

Looking at a monthly canola chart, I see we are at 3 year highs. I'm about 30% sold. I think I'm going to sell another 10%. Hope it goes higher, I'll sell more. Other strategies??

[farmaholic]

As wiseguy would say, "lock the bins"! Is that a strategy? It may be...

Canola crush margin(if uou have any faith in that index) is about $120/tonne.

Canola being combined with ice in it.

Canola likely heating because of shit late harvest weather.

Cash flow?.....

[redleaf]

After seeing local bids late summer and early fall (I think the low might have been $8.70) anything over $11 sounded good to me so we are sitting over half sold. If everyone would just cooperate and send me some cash I would empty the bins and the price would skyrocket. Ha ha ha

[Grahamp]

As of last week 100% sold. Was thinking along the lines of first poster, selling into 3 year high is very nice.

[stonepicker]

Yep 100% sold. Sound logic as GrahamP stated.

[Partners]

At 11.50 it's way above our projections..so bonus.

The guys waiting for 12..will also wait for 13...14..15..etc.

[farmaholic]

Partners.... $11.66 for July at a local terminal today. $12.00 isn't too far off.

Only another $15.00/tonne if the basis remains the same.

[farming101]

11.87 may delivery for self haul to crush plant

[farmaholic]

......proximity to crush plant? Our "haul"(180Kms) with Tri-dem would get pricey!

.....and we seed in May=custom haulers. ;-)

[furrowtickler]

Lol , self haul in May ...
maybe 10% of the farms in western Canada have that option .
We did $11.50 for March , delivered .
But 101 your right , the best price usually available comes in May. But very few have time to do that, unless the crusher is next door to your farm.

[Partners]

The last stuff we priced was $11.62 to Yorkton for Feb...now RP is saying probably March..

[biglentil]

When a guy contracts a delivery month and the buyer drags their feet on taking delivery shouldn't they pay a penalty. Its bs!

[furrowtickler]

On this canola sales kick I have a question.
Cargil has been saying locally that some of their customers got $16/bus for their victory canola this fall . Can anyone verify if that is even possible ?? I find that one very hard to believe .

[furrowtickler]

Agree biglentil. That is happening here as well . ADM in Lloyd has pushed off some guys with Dec contracts into mid / late Jan . Guys are pissed big time , contracted grain is done for a reason in a lot of cases , mainly to cover bills or pay prebuy inputs. It's ridiculous that this happens on a wide open shipping season this far as weather goes .

[farmaholic]

Re: $16 canola...$705/tonne

When was the last time canola was $600/tonne back when Tom4G3 called it a gift and prepriced.

Could canola be priced out this far at six hundred a tonne at that time? Add in the possibility of a positive basis and the "health premium".....

Is it possible?

The $600 alone is $13.60.... need another $105/tonne in basis and Health Premium...

We grew health varieties.... but our distance to the Clavet Crush plant ate away at our "premium"

If you're on the plants door step.... yadda yadda yadda....