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November Canola

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    #31
    Farmaholic, do you have a 13bpa ACT Of God contract with your specialty canola? (I believe that’s what Nexera is but unsure about Cargill program)

    The November futures hit $500 for about 2 days in the winter, hopefully it gets back there.

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      #32
      Originally posted by Oliver88 View Post
      Farmaholic, do you have a 13bpa ACT Of God contract with your specialty canola? (I believe that’s what Nexera is but unsure about Cargill program)

      The November futures hit $500 for about 2 days in the winter, hopefully it gets back there.
      The basis is 100% AOG and they are committing to all the production. But as soon as I price any the priced portion has no AOG.

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        #33
        Canola up slightly this morning again, over 486.

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          #34
          $490 next or free fall?

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            #35
            Right or wrong I sold the last half of my canola today, what bugs me is why canola seems to be showing it’s own strength the last couple of weeks and what is driving soyoil? Are acres down on canola or are we crushing and exporting more canola than usual?
            Last edited by Sodbuster; Jul 20, 2020, 21:52.

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              #36
              After pre-pricing some new crop off July 2021 last week, I have to sit tight now and wait til it looks like I can put some in the bin first.

              Can't imagine there is alot of canola left on farm. Gotta wonder what Trash-Can has figured out. Remember how bad harvest was last fall and all the canola that was spring thrashed. Got to wonder what carry-over will be going into 2020-21 crop year.

              Market Pundits?

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                #37
                Originally posted by Oliver88 View Post
                Farmaholic, do you have a 13bpa ACT Of God contract with your specialty canola? (I believe that’s what Nexera is but unsure about Cargill program)

                The November futures hit $500 for about 2 days in the winter, hopefully it gets back there.
                bunge nexera has 10 bpa you can price with AOG
                richardson had $10.50 for canola today immediate delivery

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                  #38
                  Palm is driving soy is driving canola.
                  Talk of steady business to Europe. Europe canola imports from Canada really took off in 2019.

                  November may back off here. Staying above 476 or so could set up another chance for a bit higher prices.
                  Did some old crop 15.50 under Nov for August del. picked up.
                  Last edited by farming101; Jul 20, 2020, 22:51.

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                    #39
                    November finally broke $490

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                      #40
                      Originally posted by Oliver88 View Post
                      November finally broke $490
                      Of course it did. I emptied the bins last week.

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