November Canola

[farming101]

Looks like 484.30 has some special significance...the mark to beat. Could also be a double top, hope not

[vvalk]

Lethbridge still has $0 basis for November.

[farming101]

Lethbridge still has $0 basis for November.

23 under here

November closed a tick or two under the median line. Best close for the nearby since March 31 and a Friday too.

[farmaholic]

Lethbridge still has $0 basis for November.

Richardson's crush plant?

[vvalk]

Richardson's crush plant?

Yes. In fact they picked up $11 November targets so actually +$1.70 basis

[farmaholic]

Yes. In fact they picked up $11 November targets so actually +$1.70 basis

Are they other locals competitive?

[farmaholic]

Basis on delivered Yorkton Richardson crush is -$25 for fall off Nov

Delivered locally for fall off Nov ~-$50.....Yee-Yikes

Maybe some negotiating could improve those #'s.

[vvalk]

Are they other locals competitive?

I think so but not sure. I basically only sell to the crusher

[furrowtickler]

Just starting here , be patient

[farmaholic]

And I just priced some specialty canola the other day. My basis is locked in and its what really enhances the net price. So it's the futures that has to do the heavy lifting to make my price even better.

I did get a good price but....

I priced about 6 bu/ac. That is enough for now because even that is more than I ever did in the past. Usually waited til crop was in the bin. If futures continues to run and the crop looks like a sure thing I might do more. What are the chances of a harvest rally? We saw some canola fields that are losing their luster....finishing up flowering. I assume some southern Alberta canola is fully podded?