Canola

[beaverdam]

Canola busting out again today!

(after shaking the trees a second time,,, with little success)

Only $272/t to reach the all time high of $1101/t made in November 1974(without 1974 dollar value adjustments)

[LWeber]

Canola busting out again today!

(after shaking the trees a second time,,, with little success)

Only $272/t to reach the all time high of $1101/t made in November 1974(without 1974 dollar value adjustments)

$19.60 del May

This is going to make June 1994 seem like a picnic with virgins and nuns and 2021 seem like a rodeo with Beth at Yellowstone.

[Guest]

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]

i called , this is not right
once you lock in price , you are responsible to supply , no AOG

[furrowtickler]

Looks like I will be wrong again lol
I thought the party was going to stall
Happy to be wrong again

[Partners]

18 bucks triggered this morning.
How high will it go?

[biglentil]

18 bucks triggered this morning.
How high will it go?

In dollar terms? ♾

[AlbertaFarmer5]

In dollar terms? ♾

If you could predict the canola price relative to how much land and fertilizer it will buy, that would be a much more useful metric. Thanks in advance.

[LWeber]

18 bucks triggered this morning.
How high will it go?

Everyone needs a Beth...

[LWeber]

$19.60 del May

This is going to make June 1994 seem like a picnic with virgins and nuns and 2021 seem like a rodeo with Beth at Yellowstone.

$19.78 delivered July this morning at Ft SK

$20.01 delivered August 1-15

Who was first to sell $20.00/bu??

[fjlip]

$19.78 delivered July this morning at Ft SK

$20.01 delivered August 1-15

How was first to sell $20.00/bu??

Where are we going??? INFINITELY HIGHER! Soon be like stepping HARDER on the gas of a not running vehicle, nothing happens.

[beaverdam]

Where are we going??? INFINITELY HIGHER! Soon be like stepping HARDER on the gas of a not running vehicle, nothing happens.

I think it's more like they tried stepping on the brakes(Jan 15th) and (Feb 24th) and the car keeps going,,, faster.


BTW, have the retail prices of canola oils gone up in the store? Bought a couple Becel last week, still less than $4/tub.

[macdon02]

If its 19.50 a bushel now and some sold at 11.50 a bushel the grain co made 8.00 a bushel plus they jacked fertilizer a few hundred a tonne !

**** this is stupid !

and don't come to the farm and tell me hindsight is 20/20 !

It doesn't work that way. It's a turd floating down a river already. What you refer to is speculation and in this environment it's absolutely toxic to grain cos and endusers. You are much more likely to see purchasers go broke then get rich with wild gyrations in price. The sale happens first, then the offsetting hedge(you'll see it in futures) and finally the bid which is minus their cost of handle. If this wasn't the case, when price collapses you'd entirely wipe out the grain handling industry, it never happens, only on the way up because of the way the desk positions or speculates, which is a no no. The long term trend is sell every rally until it isn't. There's more to this then a 1 and done rally, it's long term cycles combined with some absolutely idiotic unicorn piss ideology, yet to be announced, it's being whispered yesterday and today.