Canola

[farmaholic]

Some GrainCos can choose to export their purchases or crush them domestically. I would think they would do what was more profitable. Those numbers make it look like they WANT IT NOW. ALSO, take into account there is an inverse or very little carry in the market and it screams that "WANT IT NOW" even louder.

S/U appear to be heading quite low. Pipeline supplies?

[farmaholic]

Looks good

[bucket]

Sold all the canola off the combine

Good luck to all !

Did you buy back paper?

[bucket]

No never !

Took the money and ran !

Well ...WTF....Mr. Wisenheimer ...you are not following the experts advice????

sarcasm...just in case you missed it.

[bucket]

Had a very dry year

No July rain

Yields were well below average

All canola was sold off combine

End of sad story !

But you can make it up with agristability or pulling your agri-invest along with the CEBA.... right?

Just poking with more sarcasm.

[Sodbuster]

Canola looking to go inverse
May -July already inverse
Soybeans already inverse
Buyers are wanting soybeans and canola now, just need demand to remain stable to see prices in the teens.

[farmaholic]

101,

Could you please put up a historical canola chart showing how many times canola hit $600/tonne.

Seems a year's time frame in 2012-13 it was there a while?

Next year could see fireworks if productikn is a problem

Seen July 2022 had a trade already.

[farming101]

Not sure if you're talking cash SK prices or futures. 600 cash in SK is in the 98th percentile over 38 years

[furrowtickler]

Finally over $12 here locally for the first time all fall .

[farmaholic]

Damn, I think I've sold too much already3

$eller'$ remor$e.....


thanks 101

[blackpowder]

Your not alone on that one farma.
I made a couple hasty decisions early this fall. Oh well, $11 is still a profitable price. And all the crop share grain fills it leaving more of the $13 stuff for me.
I've likely spent more time being thankful for a sale than regretful.
These last 8 years have been a heck of a ride.
Trick is how to handle the decision on remaining inventories.

[jazz]

In 2013 I held all winter and hit that $14 spike.

My average yields were off 10bu this yr. I imagine most of the canola acres to be in a similar position. In that case the trade runs out by about April 2021. This past year it ran out in June and then tried to cover with stories about carry over inventory and big monster crop coming.

Hold tight boys, there is a convergence of events coming.

Get your fertilizer though.