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Isn't it time for profit taking and have funds drive it lower? ....again.
Still no more canola than there was 5 days ago.
Reality versus perception about recent precipitation....one snow storm isn't a drought buster. Weber's newsletter still highlights a huge deficit in my area....and deficiencies in others.
Soybean meal
Domestic crush margins
Expected improved rail movement going forward.
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Drag on ICE canola is coming from the beans . . . China warning of U.S. soybean tariff retaliation. Bean technicals turning down and definite risk of further fund liquidation (IMO).
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Originally posted by errolanderson View PostDrag on ICE canola is coming from the beans . . . China warning of U.S. soybean tariff retaliation. Bean technicals turning down and definite risk of further fund liquidation (IMO).
Again we get to $12 and more actually just last week. I ask Larry Weber this exact question. Analyst always bearish and every year it hits $12 and more in March April. Weber said this year was different and no real chance of $12. Just asking the question?
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Originally posted by vvalk View PostErrol. Is this 5 years in a row that your wrong or is it more. Again canola rises in Price right into spring
Again we get to $12 and more actually just last week. I ask Larry Weber this exact question. Analyst always bearish and every year it hits $12 and more in March April. Weber said this year was different and no real chance of $12. Just asking the question?
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Errol
keep us up to date on market conditions. Your insights are much appreciated.
What are your thoughts on soy oil and palm oil stocks to use going forward the next 6 months.
What are the crush margins like these days
How are canola stocks looking domestic and international?
The painting is abstract but those with insight can make out what the artist is trying to create.
Trying to consistently and Accurately Predicting the future of a market direction that is driven by not yet known events.. those are the silly folk
Again, much respect for your willingness to share. It’s a sign of your passion for analysis and we in the ag protection are lucky for this.
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Originally posted by errolanderson View Postvvalk . . . at least I'm good at one thing . . . being wrong.
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Originally posted by AlbertaFarmer5 View PostYes, Errol, please keep the informative posts coming. I don't expect you or anyone else's analysis to be right every time, but sure do appreciate the facts you bring to the table. Not sure why you or other knowledgeable posters are willing to subject themselves to scrutiny on a public forum for information you post for free. But thanks for doing so. It is refreshing to read actual relevant marketing information on the commodity marketing forum.
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