Question for 101 , and other skilled marketers

[Guest]

$625/tonne canola in Western Australia?

https://www.plumgrove.com.au/wa/cash-wa/

[Partners]

Bunge fellow said support at 480..below that now..next support 460...ouch..

[ajl]

from a mate

Oh and my crop comments were reffering to cereals i think canola is down in yield as are nearly all legumes both i think can be deemed poor
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S780? That is a lot of combine for that harvest. Up here in third world canuckistan we could get that done with a 7720. I realize that is likely a custom harvester.

[Guest]

S780? That is a lot of combine for that harvest. Up here in third world canuckistan we could get that done with a 7720. I realize that is likely a custom harvester.

small grain truck tho, lol

[Marusko]

small grain truck tho, lol

low compaction!

[AlbertaFarmer5]

S780? That is a lot of combine for that harvest. Up here in third world canuckistan we could get that done with a 7720. I realize that is likely a custom harvester.

But, according to the guys on the combine forum, the S780 puts so much out the back, that the picture is probably the results of a 100 bushel/acre crop.

[farming101]

The highest prices have gone by the boards for the window extending to the end of the year. Expect Dec offers to drift down toward present values for Nov delivery.

Stability in futures should began to surface down at these levels with risk for a few more dollars loss in all months.
Looking at RXF19 levels of 461 as solid support. (Which would leave things looking very weak)

Veg oil prices are stuck which is also weighing on Canola values.
Not good news...

And worth what you paid for it. Take care