$500

[farming101]

Here is the 20 year monthly nearest zoomed in.
The lower inclined line is a part of an Andrews fork.
Notice how important $500 is to the multi-year chart. Has been since 2011
Not putting this up to be obscure. Just to point out the charts have a message.
Later.

[bucket]

And those charts also tell you when the green count in October was still 20 percent and harvest was only 30 percent done in the major production areas ????

These are all based on normal harvests.....this is not a normal harvest...


Charts are historical info....they can't predict what will happen when the boats remain empty at the west coast or the crushers can't find any more 15 percent moisture canola...

Just saying ...not arguing....but there are some unknowns right now that charts can't predict....

And if I was sitting on any amount of dry #1 canola it wouldn't be sold without a very good premium attached to it....

But I am a cheerleader ...didnt grow canola this year

[farmaholic]

101..."Later"??? As in the chart message is later or as in "see you later" as you walk away laughing!


Bucket, I seem to keep getting the message that the fundamentals don't matter as much as what the chart indicates...I don't ****en know!

It would be interesting to know how many people use charts to help them market their grain.
I have my opinion but know it means **** all.

[bigzee]

I’m surprised we haven’t heard a price premium has already been included in the price due to inclement weather.
In 6 days it will be a month since I turned a wheel.

[HappyFarmer]

If canola doesn't take it out and close above by Friday, likely looking at a run to 440 ish. Will be a 4x attempt Gann signal. What can't go up must go down. We hit the roof imo for now

I completely agree. I really don't want to with 100 % of my canola still out but i have to.

[HappyFarmer]

I completely agree. I really don't want to with 100 % of my canola still out but i have to.

But we did close above 500, so now looking to take a run at 520 and then see what happens.

[farming101]

Later as in I had to get going and jump on some more canola to get it through the drier. Stuff flows so nice its hard to believe it's damp.

[Guest]

Later as in I had to get going and jump on some more canola to get it through the drier. Stuff flows so nice its hard to believe it's damp.

yes isn't it weird , drying canola at 14-15 flows and augers like dry ?
so what are our marketing instructions , 101? you usually give pretty good advice , lol

[farming101]

First order of the day is to make sure you don't burn down your drier or burn up your bin!

I'm looking for more small gains next week. Beans may be powering out. CAD rising and farmers wanting to market damp tough and barely dry canola should keep a lid on any canola moves higher. Not a seller right now. May move a bit if 11.25 pre year end appears. Very close at the plant now(11.10).

[furrowtickler]

yes isn't it weird , drying canola at 14-15 flows and augers like dry ?
so what are our marketing instructions , 101? you usually give pretty good advice , lol

Most likely because it’s cured well , just tough.
Immature and tough is a different ball game .