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    #1

    Canola

    Most of the canola crop must be in the bin and was record crop!! Futures are falling again this morning when there has been rain and snow for the better part of a wk in some places. What the heck is going on. You would think with all the crop left out there would be some spike in prices? It’s “early” yet I guess that’s their excuses. Even the frost that came for some prices didn’t go up after that. Just more crookery taking place. Prices for all commodities are in the toilet and soon will be flushed away.
    Was told by Pioneer the other day their next bid for durum will be in the 5s.
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    #2
    Click image for larger version Name: soybean chart.jpg Views: 1 Size: 16.5 KB ID: 766711

    Canola isn't a big boy yet and when soy farts canola has to smell it!

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      #3
      1cwad is 5.85 here already....

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        #4
        Most canola still out.
        Some still swathing there frozen stuff..shows how little we really matter.

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          #5
          Must be a huge amount of carry over from the massive 17 crop. Guess $12 bu wasn’t good enough for some.

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            #6
            Originally posted by bigzee View Post
            Must be a huge amount of carry over from the massive 17 crop. Guess $12 bu wasn’t good enough for some.
            I know no one who had any left!

            Speculating at $12..... come on!

            I will never forget the time, obviously a while back, that I found a canola price chart. It was a long term chart and showed canola at $9 once maybe twice in the timeframe. Moral of the story was how often did canola hit $9....what are you waiting for.

            Farming101. Can you make a chart dating back about 20 years showing the yearly highs? The chart will tell the same story about $12 canola. Not saying it can't, and won't, go higher but....
            Last edited by farmaholic; Sep 17, 2018, 08:22.

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              #7
              Judging by the space being saved at the elevators and the early call on november contracts ....I would say there is very little carryover...

              Trains were switched from 112 canola to half of something else in a couple locations....

              And yet prices don't move up...

              Doesn't really matter ,,, rail movement is the shits for the weather we have had and port is sitting with space both at the terminals and floating on the water....

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                #8
                Originally posted by bucket View Post
                1cwad is 5.85 here already....
                Better get some signed up next resistance $5.50!!
                Wondering how some of these $100-120ac cash rents are going to get paid with these pathetic prices?

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                  #9
                  Originally posted by bigzee View Post
                  Better get some signed up next resistance $5.50!!
                  Wondering how some of these $100-120ac cash rents are going to get paid with these pathetic prices?
                  ....like bucket says, "ON VOLUME" I thought I would capitalize it so you could hear it...turning up the volume!!! LOL

                  Comment

                    #10
                    Beans need the $7 print to get the majority offside. Should see canola head fake under long term trendline before reversing hard up

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