Canola

[farmaholic]

Yes, John made the meme laughing at himself. I know a few guys who are stuck in between laughing and crying at themselves. What can a person do!

Even taking a position on paper is a gamble, at a cost, that know one knows what the end result will be.

It is what it is.... time for another monkey face-palming picture?

[farming101]

A position, yes there is a gamble.
But an option to buy a position whether long or short is not a gamble. It is insurance
And often the value of that option can appreciate prior to the deadline to exercise.

It is not as lucrative as taking an equal size position by buying or selling a futures contract but it can make a significant difference.

[zeefarmer]

Things can go wrong in the bin too. We carried some canola over from 2019. Swathed and dry. We had cored the bins and consolidated in July. Good till October....😢

[Rareearth]

I’m glad to have agriville and other sources of info.

With out information, and communication canola price would still be at $10.10 bushel.

All that’s needed for a open market, democratic, marketing system in Canada is reporting of export sales, shipping month, and destination. This just seems reasonable and achievable. Not just canola but all commodities, if there are any more commodity board elections I will phone and survey those running and post the results.

Makes one wonder if say the Canola grower directors are aware of this issue? Are they voicing concerns for or against reporting, it would be nice to have a update on progress made to date ( besides what appears to be none).

[MBgrower]

I’m glad to have agriville and other sources of info.

With out information, and communication canola price would still be at $10.10 bushel.

All that’s needed for a open market, democratic, marketing system in Canada is reporting of export sales, shipping month, and destination. This just seems reasonable and achievable. Not just canola but all commodities, if there are any more commodity board elections I will phone and survey those running and post the results.

Makes one wonder if say the Canola grower directors are aware of this issue? Are they voicing concerns for or against reporting, it would be nice to have a update on progress made to date ( besides what appears to be none).

I doubt it, probably all in palm springs already

[fjlip]

CG mainly want us to grow twice as much for 1/4 the price. Seems fair as our ONLY concern should be to produce for the poor end user/markets/traders/buyers/RR.

[Guest]

I’m glad to have agriville and other sources of info.

With out information, and communication canola price would still be at $10.10 bushel.

All that’s needed for a open market, democratic, marketing system in Canada is reporting of export sales, shipping month, and destination. This just seems reasonable and achievable. Not just canola but all commodities, if there are any more commodity board elections I will phone and survey those running and post the results.

Makes one wonder if say the Canola grower directors are aware of this issue? Are they voicing concerns for or against reporting, it would be nice to have a update on progress made to date ( besides what appears to be none).

Oh no , not at all
Simple pricks main goal is to get to 50 Mmt or 52 Bpa or some stupid fu ck - en thing ?
Big her right down , take it down to $6:bushel
And using your guys money to achieve it , not mine no more
No thoughts at all about where it would go or how it will get there ??? Completely oblivious

[farmaholic]

Jan to July inverse is HUGE.

What is the basis in your nearby bids?

[SASKFARMER]

Were Approaching 14 dollars a bushel and that's the pull for me. I said since mid-summer the 2020 crop wasn't what the so-called experts were saying. I said our provincial Ag minister is full of shit and couldn't predict a bumper if his life depended on that.

The grain companies knew this and played along with the game as experts and sat know everything and stupid farmers don't know jack.

Well Canada and the USA are going to be out of both soy and canola by summer. Games will be played and they will want and say its wall to wall canola in 2021 to drive down the price.

Remember the goal of super acres was that we would all grow 55 and get paid 10 or less. They would still get paid huge dollars for seed.

[beaverdam]

Jan to July inverse is HUGE.

Maybe the crushers already know they'll be out of canola by July, and will be shutdown for "maintenance."

No desire to chase canola for July delivery, when December offerings are already at, or close to $14.00

[farming101]

February delivery anywhere from -15 to -34 basis March

[ajl]

14.15 for March bid from Graincorp Vegreville this morning. Actually beats my best canola sale ever of 14.13 which occurred in Apr 2012.