Seasonal Canola

[farmaholic]

Local basis widened out to more than $47/tonne for nearby months.

[farming101]

Local basis widened out to more than $47/tonne for nearby months.

Whaat! You mean grainco's can take a cookie too? See post #22

https://www.youtube.com/watch?v=KTFJ9gjfAXg https://www.youtube.com/watch?v=KTFJ9gjfAXg

42 ships on the west coast as of Sept 13.

[jazz]

42 ships on the west coast as of Sept 13.

These are all waiting for canola?

[farming101]

These are all waiting for canola?

No, all grains

[jazz]

No, all grains

A ship would not sit floating empty without some certainty they are getting product soon.

This has to be all the pre bookings before harvest.

[bucket]

Local basis widened out to more than $47/tonne for nearby months.

Demurrage costs money

[farming101]

According to GMP three ships have been here for more than 26 days.

Average time in port for vessels that sailed in the week ending Sept 13 is around 15 days

[jazz]

According to GMP three ships have been here for more than 26 days.

Average time in port for vessels that sailed in the week ending Sept 13 is around 15 days

Would be nice to know more about the logistics behind all this.

Are these actual sales or are ships just rolling up on our shores on the assumption we will sell a bunch before the snow flies.

[farming101]

Would be nice to know more about the logistics behind all this.

You can say that again....

[beaverdam]

Local basis widened out to more than $47/tonne for nearby months.

Too funny, Ceres Northgate id $70.00/t basis.

Guess your not in the ghetto after all !

[beaverdam]

I think there is a strong desire to unload straight cut canola earlier rather than later. Could be part cause for the demand to deliver, and graincos saying, not all at once.

[farmaholic]

Futures, wow.

Will we see $600?

Farming One Oh One? Can you post a graphic

I focus on July because that's the month I'm contracted against

[Oliver88]

Futures, wow.

Will we see $600?

Farming One Oh One? Can you post a graphic

I focus on July because that's the month I'm contracted against

Increase of $53.50 to get there.

Paging 101......

[farming101]

600? It will take new news.

This has been a parabolic move higher.
Look at any chart and realize that it won't go up forever.

About all I can say is that we will see fairly stable July 21 values in here give or take.
There may be stabs higher; 562.20 is resistance using a lot guessing.... but as I said before concentrate on support levels. Don't fret loosing a few off the top, but don't miss setting some good profitable returns

July is on the verge of going into uncharted waters...here are a few graphics for you.




I'll maybe put up a July 21 chart later....

[bucket]

A question...how many farmers can participate in this rally with physical bushels?