Canola like Gold!

[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....

[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.