Canola

[farming101]

Damn, I think I've sold too much already3

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


thanks 101

DON'T LOOK BACK!
Average up. Better'n last year and all that...
Always averaging up here and still slugging

[furrowtickler]

There was a lot of Canola sold between $10 and $11 ish . Most did because the price was artificially too low all summer and 10-11 off combine at the time seemed decent .
We sold a fair amount as well earlier.
I still want to thank 101 for putting this graph up in summer to show that ..

[bucket]

When you guys all start talking and posting graphs about the high prices in canola....throw a graph in to show the price of machinery and inputs along side of it...

I dont think we have kept pace on with crop prices.....but we could still be making it up on volume....lol.

[furrowtickler]

When you guys all start talking and posting graphs about the high prices in canola....throw a graph in to show the price of machinery and inputs along side of it...

I dont think we have kept pace on with crop prices.....but we could still be making it up on volume....lol.

Very true , not sure it’s showing high prices as much as where it just is is relation to before ?

In that time for sure inputs and machinery has doubled . Parts probably 4x ?

[woodland]

DON'T LOOK BACK!
Average up. Better'n last year and all that...
Always averaging up here and still slugging

Nobody went broke selling or locking in a profit.................. Always better to sell into a rising market than chasing a falling one. 🍀

[farmaholic]

DON'T LOOK BACK!
Average up. Better'n last year and all that...
Always averaging up here and still slugging

"Yes, yes Master Po", says Grasshopper.

[Oliver88]

Up again another $5 per tonne.

[Rareearth]

Woodland singles are good, home runs matter.

Locking in profits, difficult to get ahead when you have cost of production numbers that never trigger a profit. 3 bad years and 1 good then locking in or limiting upside is not appealing to me.

Marketing, selling, hedging, storing, etc and timing is about:
- the trend
-basis
- most importantly fundamentals , ill wait and make my decisions with best information I can gather at the time. Seems very little to no risk with waiting right now
- cash flow

[Herc]

Supply and demand.....

They know the supply, we have no idea on either....

[woodland]

Woodland singles are good, home runs matter.

Locking in profits, difficult to get ahead when you have cost of production numbers that never trigger a profit. 3 bad years and 1 good then locking in or limiting upside is not appealing to me.

Marketing, selling, hedging, storing, etc and timing is about:
- the trend
-basis
- most importantly fundamentals , ill wait and make my decisions with best information I can gather at the time. Seems very little to no risk with waiting right now
- cash flow

At least with grain you can lock the bins and sit if your cash situation allows it. Nothing like feeding a bunch of yearlings as the price keeps sliding when nobody expected it. After putting 6 more months of feed in them you finally have no choice but to get taken out behind the woodshed and get less per head than at the start. Sure leaves a sour taste behind. Must not have been too horrible since we’re still doing it.

And waiting for the price to come back again currently. Kinda was looking forward to selling this year as there’s 15% more heads but the gross is looking to be less than last year which was ......... ok.

Next year country baby🍀

[SASKFARMER]

Did one thing right got a decent basis a while back on Jan for dec delivery. 13 is in sight. Now I finally did something right.

Ha will sell at 12.85 or higher not waiting for 13. Don’t want to jinx it.

[beaverdam]

from "Seasonal Canola" thread;

farming101, "December could move to nearly 38/cwt based on today's strength. It would be ripe for a pullback at that level.
And remember, as usual the reality may turn out to be somewhat different"

Seeing we're at 38.48, any revised thoughts, or tidbit of news that is going to keep this thing rolling?