When will Canola break up through $500/t on nearby futures?

[TOM4CWB]

Before March 15 2019. Nov 19 good prospects... before Dec 31 2018

[farmaholic]

Before March 15 2019. Nov 19 good prospects... before Dec 31 2018

Hi and welcome back Tom.

Based on chart analysis or fundementals?

Because I'm basically "chart analysis blind" fundamentally I'd say when the wave of tough green canola that came at them recedes. And when what's left is held by tighter hands. Then add in the soy factor and maybe the whole veg-oil complex.

There, vague enough for ya?

I can't even make a morning tea here this morning...frost on power infrastructure caused by days of dense fog preceded by freezing rain has caused a power outage. I need that first hit of caffeine to fire me up. I wish we had an automated standby generator.

[macdon02]

Hi and welcome back Tom.

Based on chart analysis or fundementals?

Because I'm basically "chart analysis blind" fundamentally I'd say when the wave of tough green canola that came at them recedes. And when what's left is held by tighter hands. Then add in the soy factor and maybe the whole veg-oil complex.

There, vague enough for ya?

I can't even make a morning tea here this morning...frost on power infrastructure caused by days of dense fog preceded by freezing rain has caused a power outage. I need that first hit of caffeine to fire me up. I wish we had an automated standby generator.

High weekly close in beans. 9.01 and 9.03 next resistance. New high close in USD. Definitely an oddity, but there none the less. Outside reversal up in canola

[farming101]

CAD sub 74 cents might do it. A distinct possibility...but likely not before year end.

Can't see it happening soon any other way

[SASKFARMER3]

People have lots of issues with Canola. Lots have texted that straight cut they thought was dry into bags now have problems. Crusher discounting or sending home.

I think the overall supply will run short in the June timeframe again. Betting on that. But 500 plus is where canola should be if we weren't connected to Soy.

China is smart we just don't get what's going on.

Our dollar will start to drop again in Jan as more companies leave Ontario for greener pastures in Mexico or USA.

Trudeau is a FE#$Kup and its starting to show.

67 cent dollar is on its way.

Interest rate hikes cant continue in Canada because we're not growing were in winter mode and shrinkage is happening.

Hope for 500 plus in Jan is possible. But then they will say soy is going to be huge in South American and price will drop.

Ah, let the games continue.

[bucket]

I think the issue with straight cut damping off and the green counts haven't been worked thru the system yet....

Good quality canola would be in tight hands or contracted at higher prices....

Once that is all figured out ....then the move up should begin....

Although sub $10 canola will reduce acres for 2019...

[farmaholic]

Just think about what the few sub $10 canola bids did to the psyche...

Now $11 is going to sound "good".