Canola like Gold!

[farming101]

https://www.msn.com/en-ca/money/topstories/like-gold-canadian-canola-prices-spike-as-shippers-find-back-door-to-china/ar-BB17KHnt?ocid=msedgdhp https://www.msn.com/en-ca/money/topstories/like-gold-canadian-canola-prices-spike-as-shippers-find-back-door-to-china/ar-BB17KHnt?ocid=msedgdhp

10.57 offered for Jul 21 delivery locally. Better sign 'er up!

[furrowtickler]

Lol what a b/s article. “Canola prices spike !! “
WTF , where ?
$12 would be a spike you bozo’s . Only up $.50 here over early June ... sorry that’s not a spike or worth gold ....
Is there a comment section on that article??

[FarmJunkie]

This is why we get shit on in our industry. Phuck tards like this report things like this and the people that read it that aren’t in the industry think this crap is true or of some significance. Report all the numbers so people can decide for themselves how shitty of a reporter u are. Better yet go grow a quarter of Canola and tell me how much u make for the money u risk. Then maybe some real reporting would occur.

[macdon02]

Fake news. Hello $8.

[ajl]

Price of seed canola is very golden these days. About the only thing.

[malleefarmer]

China might've cut our barley exports but they've been a buyer of Aus canola in 19/20, eclipsing the past 4yrs & accounting for 33% of total exports so far this ssn (the highest since 99/00). However, Belgium will likely record the lowest vol of canola since 08/09

China hates our barley loves our canola go figure.
Or maybe Australian canola council brown nose and Australian barley export association don’t

[SASKFARMER]

I read the article this morning and its like WTF.

Canola oil is gold then why the **** are we getting paid on average just under 10 dollars to just over 10 dollars a bushel.

Some one is having one hell of a day ****ing the farmers in Canada.

Skippy didn't help us out but the crushers are surely helping themselves out.

Nice to see like I always say the parasites always win at this game.

[Oliver88]

With fake news MSN articles like these, the farmland investment companies and coffee row landlords will want a pay raise.

[furrowtickler]

https://www.msn.com/en-ca/money/topstories/like-gold-canadian-canola-prices-spike-as-shippers-find-back-door-to-china/ar-BB17KHnt?ocid=msedgdhp https://www.msn.com/en-ca/money/topstories/like-gold-canadian-canola-prices-spike-as-shippers-find-back-door-to-china/ar-BB17KHnt?ocid=msedgdhp

10.57 offered for Jul 21 delivery locally. Better sign 'er up!

One thing it does show is who is actually making money ...... and how much we are getting screwed at $10.50
There is no reason Canola should not be at $12 , other than they have most farmers trapped in debt and bills need to be paid .
Meanwhile costs are going up , seed , machinery , fuel now again and we sit with 20 year old pricing .
Again what do our canola groups do ?? Pouting cause the can’t go on an exotic winter trip.

[SASKFARMER]

I agree 110% canola should be at 12. When the shit show hit with china the price dropped then reports said we grew a huge crop that never was and it dropped now two years into this it shows the crushers and other countries are making out like bandits on our Canadian canola.

But what have farmers gained?

**** ALL.

Our Canola groups are a joke.

[MBgrower]

Bibo must be doing a great job, perhaps Canada Canola Council will nominate her to the the Ag hall of fame as they did for Jerry Ritz, the one who gutted our insurance programs?

[SASKFARMER]

Where is BOBOO any way we haven't heard anything from her since the great we know the Carbon tax costs farmers for grain drying but we won't present that report?


I for one think BOBOO is the worst AG minister in the entire World. Not just North America i think the entire fricking world.

[furrowtickler]

With fake news MSN articles like these, the farmland investment companies and coffee row landlords will want a pay raise.

It’s getting to a point where if that happens, say farm it yourselves .... walk away .
There is so very little margin now on any rented land that it’s barely worth the time , effort and especially risk any more . Everyone else has taken way to much of the pie and primary producers are getting SFA for the risk involved.
Margins way too thin no matter Farm size .

[farming101]

The golden canola oil market is in China first and the EU second.

We get upset with crushers but I don't think they are making out like bandits. They are content to make their margin and keep pushing the product out if there is a market for it.

Speculation in China has had a lot to do with the increase in canola oil prices in China. Up 20% since May 12. It may be justified depending on the extent of crop losses due to the lousy weather there.

But likely good to remember speculators can leave the party as fast as they arrived.

The EU market has helped stabilize prices and keep product moving. Collectively EU countries have imported as much seed as Japan so far this crop year. And ya as the article states EU oil made from Canadian canola is likely making its way to China but hey it's a market. Getting the EU market going again is a real good news story.

Canadian producers delivered 20.5 MMT into the system this year. 2 MMT more than last year.

[farming101]

China Canola oil futures nearby contract down over 3% today....