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Canola Puts

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    #13
    Originally posted by Oliver88 View Post
    Viterra is predicting 20MMT production for canola. This equals 44.5 bpa.

    Reasonable?
    Dont know but what is on their sales book?

    It's mandatory in the states to report their sales...

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      #14
      https://pbs.twimg.com/media/Eg7lc3SXgAEUqgc?format=png&name=small

      Maybe ....

      Comment

        #15
        Originally posted by Oliver88 View Post
        Viterra is predicting 20MMT production for canola. This equals 44.5 bpa.

        Reasonable?
        Some coming off now 25bpa canola around here, stand is shit and pods half full. Good news no sprayer ruts.

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          #16
          Update on the put values

          Click image for larger version Name: Jan 21 500 put S2.jpg Views: 1 Size: 37.2 KB ID: 770072

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            #17
            Scouting some canola for preharvest spray in the pickup. Drove half way across the field to get to any plants. I did that on 3 fields. 50 last year, lucky for 30 this year.

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              #18
              Originally posted by crusher View Post
              Scouting some canola for preharvest spray in the pickup. Drove half way across the field to get to any plants. I did that on 3 fields. 50 last year, lucky for 30 this year.
              I feel your pain Crusher! I have NOT seen Canola crops this short in Edmonton area since 2002...

              Even our Soybeans are 30% drowned out... and the rest are not pretty... will be interesting to see how they do this year... if frost holds off...
              Last edited by TOM4CWB; Sep 3, 2020, 04:03.

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                #19
                With the recent canola rally . . . Hedgers note: January canola $520/MT put options now trading for $13/MT today.

                Jan canola strike price $520/MT - put option premium $13/MT = $507/MT ($11.50/bu) - fall delivered basis. Tool for those want to protect recent futures gains without production/delivery commitment.

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                  #20
                  Originally posted by Oliver88 View Post
                  Viterra is predicting 20MMT production for canola. This equals 44.5 bpa.

                  Reasonable?
                  ABSOLUTE FU-KIN HORSESHIT (sorry horse)

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