Canola intra-day and daily charts....

[farming101]

Higher not working....well, try lower than.....

[farmaholic]

Spot prices are about 10 bucks. Trigger trigger trigger. I really hate the way marketing has evolved with target price contracts.

[AlbertaFarmer5]

Higher not working....well, try lower than.....

At risk of sounding conspiratorial, I think you are right. Need to play the emotions of fear and greed against us to keep shaking bushels loose. Up a bit and we sell, but As soon as it appears to be an uptrend we get greedy and stop selling holding out for higher, So the trend has to reverse Until we all think it's going to zero and fear takes over and we sell.

[farming101]

Good to see a green day and that canola avoided sinking below 458 July.

Watch for closes above 466.50 to give a chance for 475.
Failing that watch out for that sub 458....

[Rareearth]

Now,
Wouldn’t it be interesting if part of the CGC mandate was to, collect :
- every Tuesday and Thursday licenced grain buyers must report
- number of farmers that have a price offer formally with a exporter
- the commodity, grade and tonnage
- delivery month

Then CGC to report this info every Monday morning. Skippy could do this, no doubt in my mind.

[farming101]

Sub 458 hit this morning-RSN. Gunning for a new low for July contract now.

[farmaholic]

My focus has changed to RSN-21 now. My contract is off July 2021.

What do we have? Two weeks and we flip RSX-20 being the main focus for new crop?

[farming101]

First week in June is around when Nov has more open interest then July
RSN is not doing any good either