Canola

[bucket]

While canola is being taken to the woodshed, Palm oil has gone up to within a whisker of its previous highs.
It is supposed to be doing the opposite at this time of year.

Meal prices don't seem to be justifying prices this high. But oils have doubled. Soy oil was up almost 5% just in one session earlier this week, closing slightly off that.
What do the chartists think, pause, or top is in?
Not historically the correct time of year for a top. But trending more this way in recent years, followed by another peak in spring/early summer.

Seems this happened last month as well , just shake a few weak hands loose...and up again...but it could be the highs have been set..

I dont think all farmers shared in this rally , most were probably sold on the way up...but it was for production not previously committed. Now the graincos have to sort out the logistics....

Maybe their books are full ....

[AlbertaFarmer5]

When the markets goes up at the end of the day Friday, instead of selling off as usual, it must say something.
Either that most participants are short, so the risk off trade for the weekend is to cover, or else that they see the biggest risk of the unknown over the weekend to be a risk to the upside? Or something else?

Quite a turn around in canola, and soyoil, and soys today.

[TOM4CWB]

When the markets goes up at the end of the day Friday, instead of selling off as usual, it must say something.
Either that most participants are short, so the risk off trade for the weekend is to cover, or else that they see the biggest risk of the unknown over the weekend to be a risk to the upside? Or something else?

Quite a turn around in canola, and soyoil, and soys today.

AND CDN$... adds to it... China politics?

[sumdumguy]

Bins built in 2010 seem pretty cheap now after getting filled with Canola.~420—->~720

[jazz]

Got this alert today. I really want the cooler and thermos prize.

I have never seen the market bid for bushels 18 months out.

[Goodtime]

Got this alert today. I really want the cooler and thermos prize.

I have never seen the market bid for bushels 18 months out.

[ATTACH]7624[/ATTACH]

Man that's exciting who cares about recropping restrictions in 2022 on 640ac, just have to have the cooler and thermos.

[Sodbuster]

No problems, canola snow canola repeat.

[LEP]

Man that's exciting who cares about recropping restrictions in 2022 on 640ac, just have to have the cooler and thermos.

I expect someone in the slum of the ghetto to sign up for this offer.

[furrowtickler]

Good to see canola perk up again today

[hobbyfrmr]

A landlord was talking about his tennant at the repair shop today. This farmer has planted canola for 13 consecutive years on this guy’s land. No objections, no clubroot and the payment is on time.
Thats how you make it pay.

[Livewire]

Canola on its next leg up ??? To get to the top it’s like climbing an old ladder. You have to go through breaking a few steps to fall down then shimmy up again to get higher than before while onlookers are saying YOU’ LL NEVER GET ANY HIGHER. Why can’t it get even higher than before like in 2008 when parts , inputs, land costs and almost everything else needed to grow it has already climbed that ladder????!

[TASFarms]

A landlord was talking about his tennant at the repair shop today. This farmer has planted canola for 13 consecutive years on this guy’s land. No objections, no clubroot and the payment is on time.
Thats how you make it pay.

It’s all good till it’s not.