$12 July canola...

[farmaholic]

101, are you ever doing these trades without physical canola to back them up or purely paper trading? If you're using BO contracts I think I just answered my own question.

How much of this do you do?

A big part of my marketing stradegy involves digging my heels in. I guess I will call it being physical with the physical. Funny thing is I alone can't make a difference. Like I said before....holding out for a nickel and giving up a dollar.

[farming101]

Used to do some fairly regularly but now hardly ever. Self insured for the most part
Best option trade ever was bean oil Dec 2008 contract

Options chart look different after today

[farming101]

Funny thing is I alone can't make a difference.

Got the lesson on that in 2002. Had just finished pulling the last canola swath out of a snow bank and figured poor crop, the price will continue to go up. Bin it. Here is what happened. Didn't go any higher for 5 years.

[sumdumguy]

Ethanol requirement cause bump in 2008?

[Oliver88]

Canola up slightly Monday and Tuesday.

12.04 July- basis

[Oliver88]

Canola up another 10 cents......

[farmaholic]

Will they let it get there ($12)?

[Partners]

If it gets to 12...will farmers sell? Or will some expert say 13? Maybe more?

[farmaholic]

I tease the local grain buyers about my "moving targets"....

Their job must get tiring at times, present a price a to producer who was on the record(verbal) saying he would be a willing seller at, then raise their target price. Free world open market I guess.