Canola like Gold!

[Rareearth]

Farming101, you make a interesting point, and I always watch the producer deliveries to gauge the trends. The crop wasn’t as small last year as some predicted and/or there was a lot more carry over.

Seems like this year the bin bottoms are showing and swept.

[farming101]

Jan 500 puts

[jazz]

I dont understand the off combine firesales every year. That is definitely hurting our prices. Sure there are bills to be paid but there are cash advances and bridge financing for all that. If we starved the trade for a little while we would get a nice premium a few months later.

10,000 ac farms cant get a 2M credit line? Interest rates are 2%. And whats all that fancy storage on farms now for?

[GALAXIE500]

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.

She is a member of justin trudeaus team ,what did you expect?

[MBgrower]

She is a member of justin trudeaus team ,what did you expect?

Hopefully off to learn english.

[FarmJunkie]

21 a bushel is more realistic when u consider the price of over priced steel,seed,chemical,rent,taxes,fuel,and every other god damn thing.

[farmaholic]

A person in the article claims they're 50% sold on new-crop canola...... near Regina. Last time I checked we don't have a crusher near Regina..... local terminal basis is pretty ugly. Who knows, maybe they did a futures first or some other pricing scheme that moves the canola into the system but leaves the pricing risk with the Producer. Specialty canola production contract.... who knows.

Cash flow is King, people make decisions based on their own needs.

I don't see any net canola prices to write home about.

Larry Weber needs to chime in with his estimated 2020(hind-sight...this will only work once) production.



Not bad, I put a bit of sales on the books but based off July($pecialty canola) . Hopefully the high isn't in for the crop year.....its a long time til next one.

[farmaholic]

Whoa..... looks like canola, the new gold, lost a bit of it's luster today. A dime a bushel. Buyers must smell the feilds ripening.

[biglentil]

Whoa..... looks like canola, the new gold, lost a bit of it's luster today. A dime a bushel. Buyers must smell the feilds ripening.

Same with the yellow metal down over a $100 an ounce. With the new Russian Vaccine everything is hunkidory in the world supposedly.

[biglentil]

Infact the Russians posted images of their vaccine.

[Partners]

Infact the Russians posted images of their vaccine.

I am sure that is better than any China/turdo shit Canada will have.

[malleefarmer]

From
oz. prices back to $547 on farm today down 8 bucks a CloudBreak
*CANOLA RECOMMENDATION*
EU ****seed futures had been trending higher, but due to weakness across the oilseed complex (soy, palm and canola oil) EU ****seed futures have now broken below previous support. This weakness has been exacerbated by the expectations of a record global soybean crop, with updated WASDE estimates out tomorrow. For those who have had some rain and hold some confidence over production, it may be worthwhile topping up sales if you are below our current recommendation of 20-25%.

[furrowtickler]

I am sure that is better than any China/turdo shit Canada will have.

Much much better lol

[SASKFARMER]

I was offered $10.47 for January to the crusher for a special price. FM.

I sure hope the middle man enjoys his profits on Canola because it sure ain't gold to the Canadian farmer.

[farming101]

Here's a good Once Upon A Time story for the little ones....

Way back in May 2013 you could sell canola for 14.35 USD.