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$700/tone canola

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    #1

    $700/tone canola

    Will canola touch $700/tone this crop year?
    Tags: None
    #2
    Originally posted by LQQKY View Post
    Will canola touch $700/tone this crop year?
    Will there be much or any left on farm before it hits that price?

    Comment

      #3
      Originally posted by farmaholic View Post
      Will there be much or any left on farm before it hits that price?
      If you answer the first question, I will answer the second question, at least on my own farm.

      Comment

        #4
        Hope so. And no . Should be good for locking in new crop

        Comment

          #5
          Local buyer says he can't see it going over 600t.
          Also said earlier that no way was it going above $11/bus.

          Comment

            #6
            Originally posted by Jordy2323 View Post
            Local buyer says he can't see it going over 600t.
            Also said earlier that no way was it going above $11/bus.
            "BUYER", is the key word in that post.

            Comment

              #7
              Guess 600 is a shoo in...

              Comment

                #8
                I need 4 digit canala to break even. :-(

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                  #9
                  Originally posted by biglentil View Post
                  I need 4 digit canala to break even. :-(
                  Yikes, hope I never have to say that.

                  Comment

                    #10
                    Originally posted by farming101 View Post
                    Guess 600 is a shoo in...
                    Don't let me sell anymore!

                    Click image for larger version Name: money-face-palm1.jpg Views: 2 Size: 59.6 KB ID: 770431

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                      #11
                      Did a market manager for 12.50 January delivery.should get there I would say.

                      Comment

                        #12
                        Friday's close: Jan/21 versus July/21 is an $11 inverse.

                        My focus is July/21 because thats the month my fixed basis contract is based on.

                        Can I roll back....
                        Last edited by farmaholic; Nov 22, 2020, 18:29.

                        Comment

                          #13
                          Everyone should be 50% sold of 2020's crop. If you don't like $12 nearby price then book something for May/June with 35-40 cents more. If the price is fortunate to keep rising you can always price 10-15% more a couple times and keep averaging up.

                          I fear another big stock market crash/correction coming in the very near future. Many have been able to manage finances but a second shutdown/slowdown will cause a lot of bankruptcies

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                            #14
                            I think we're about 62% sold. 0% delivered.

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                              #15
                              $13 is floating around already

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