From the unexpected file, should a person be buying Canola Call Options here?

[bucket]

Anyone want to hazard a guess on the 27 billion dollar question and it's effect on markets.?

Is that what they consider a black Swan event.....

Sure looks like it is affecting our markets. ...or will be...

Price protect your crop but Richardson isn't big enough not to declare a "force majeur" if this chinathing isn't cleared up....

It was only when the brass at Richardson made the call that it got any traction....

But farmers will still be the ones with the most to lose. ...

[TechAnalyst]

Just a quick update for those interested.

Nov canola closed today at $473/t so the $470 calls are in the money already. The calls closed today at $16.20/t, up from the $8.20/t mentioned in the original post. For those uncertain, the $16.20 is made up from the combination of the $3/t you would be profitable if you exercised them and were long from $470 plus $13.20/t time value that traders are willing to spend for the right to be long at $470 until the Oct 25th expiry.

Given the poor start to the year and wild weather markets we are beginning to see, I still believe this would have been a good risk management strategy for anyone who had priced fall delivery contracts.

It still will be on setbacks.