$12 July canola...

[SASKFARMER3]

So far all canola averaging out at 11.35 need a 12 to inch a little higher!

[Richard5]

$11.35 should be a very profitable price if your yields were similar to mine. I am holding on the last 40% for pricing but soon will taking some of the extra price risk off the table. Its all in storage yet and pricing into summer months

[farmaholic]

Atta boy R5! You mitigated 30% of total risk if pricing is half and storage is the other half. 60% of 200.... you are much further along than me. I'm still at 200%! By the way.....we too are generally June/July deliverers. My stoopid way of looking at it ;-)...

I have a bad habit of pricing It all at one time. I used to price in increments but found when I was delivering it the spot price was the prepriced price, or higher, anyway. I will pull the trigger soon....waiting for the bases to load....then strike out at my bat with 2 already out, full count, a swing and miss at a wild pitch and strand everyone on base! Bottom of the nineth, down by one.....game over!

"$pot price".......what's that?

[iceman]

Basis is telling us they have no trouble sourcing canola.
Stats can under estimated the canola production and basis is telling us that.
This rally or second chance is meant to be sold.
Now you perennial bulls won't like this but she's the way its appearing on the radar.
Paper and physical hit the sell button folks.
It's all about the net gentlemen stop stepping over dollars to pickup nickels


Iceman out

[SASKFARMER3]

Good points Iceman, Also locking in fall production on this rally makes sense.

[newguy]

bump in price to get acres and some contracted.Then can buy the rest at a discount next fall.

[bigzee]

bump in price to get acres and some contracted.Then can buy the rest at a discount next fall.

They won't have to work hard to buy acres. Even with the RIDICULOUS price of seed it won't matter. With durum and pulses running into disease issues canola will be the replacement.

[iceman]

I keep thinking this basis will narrow in the next couple of months but the problem being futures will probably drop more. The only way around this is to sell futures now and leave the basis open for right now.
Of course this isn't for everyone. Next year we probably break the acres record in west can and the states will have a pile of beans if corn stays this low. Brock might be right with his 6.50 bean call

Iceman out

[hobbyfrmr]

They won't have to work hard to buy acres. Even with the RIDICULOUS price of seed it won't matter. With durum and pulses running into disease issues canola will be the replacement.

You have to grow canola if you're going to make any money and pay for farming.

[golden1]

Cargill central sask. was picking up $12 july gpo's a few days ago already.
Terminal not crush.

[iceman]

They won't have to work hard to buy acres. Even with the RIDICULOUS price of seed it won't matter. With durum and pulses running into disease issues canola will be the replacement.

You can add barley into that mix also



Iceman Out

[biglentil]

Stock up on bandades i mean fungicides.