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    January broke through $600!

    Comment


      Originally posted by Oliver88 View Post
      January broke through $600!
      Months ago I would have thought July would have broke through first.
      But enough about that.

      Comment


        Statcan Dec report and subsequent USDA basically leaving things the same have boosted prices.
        Along with today's strength in Bean Oil.
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          Those charts look promising, soyoil holding it’s own, could be some fireworks later on. Thanks for the charts. I locked in a basis today at +15, will wait a little longer before locking in my futures and maybe buy July calls.

          Comment


            Dry in Argentina

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              March contract up through resistance this morning

              Comment


                $13/bus delvd to my local terminal whats every one else seeing?

                Us Dollar Index with a 89 handle.

                Comment


                  Rally continues.
                  When will it peak..?

                  Comment


                    Got text today $14 delivered march to Camrose crush

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                      Crush margin yesterday was 37.73 CAD lower than a month ago.

                      Comment


                        Originally posted by farming101 View Post
                        Crush margin yesterday was 37.73 CAD lower than a month ago.
                        So which has to give?

                        Comment


                          Originally posted by AlbertaFarmer5 View Post
                          So which has to give?
                          Historical levels would answer that question.

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                            Click image for larger version

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                            Its sure rocking and rolling.

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                              Keep an eye on the basis for an indication..

                              2008: May futures hit 769.90, meanwhile cash prices were quoted on Feb 27 at 630.49. A basis of -139.41
                              2013: July futures hit 650.80, meanwhile cash prices were quoted on May 22 at 653.44. A basis of +2.64
                              Canola values were very good for much of 2012 as well because of the lower yields expected that year and world oilseed demand/shortage

                              Two very different years but futures were very high each year.
                              2008 Financial crunch
                              2013 Oilseed supply crunch
                              basis behaving more like 2013

                              Export values for the years mentioned:
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                                13.31, Mar Apr May, Pioneer Wadena. These are 19 cents higher than Yorkton Crush prices.

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