China ... soybeans

[burnt]

Is the weekly soy chart showing a triple top?

[checking]

We'll have to ask pharma to ask farming 101 to please put up a three month chart.

[errolanderson]

Beans in the US teens?

Coming to a store near you

‘Agresource’ stateside hinting beans could surge to $15/bu by spring. Argentine port strike supporting U.S. prices this week. About 150 ships in-wait at-port.

But Brazil now receiving more broad-based moisture and China is likely close to covering deferred sales for late winter movement.

Pick em . . . .

[checking]

Thank you errol.

The adage that if one could predict the weather, one could make a fortune every day continues to hold.

Rightly, or wrongly, I haven't sold a bushel of any grain, or oilseed. Question is, "what the hell is stopping me?". It goes back to the adage.

If I could just cash price, and pick the pleasant days to deliver, but oh, no, we have to pluck around with an elevator schedule that surely by design will call for it the day of a two foot snow dump, and a howling -30 wind chill.

So screw it, and I'll take my chances on May when daylight and conditions allow to get four times as much done, and your option #1 comes true.

Wiseguy, how did you delete farma's post?

[farming101]

I don't see a triple top forming, however I am looking for a pause right in here. 12.35-12.50 area basis March

[errolanderson]

Trader consensus is heavily bullish (80 percent plus) which means most traders leaning on one-side of this ship. Might be time to race to the other side of the boat soon (IMO). This rally has been heavily spec-driven.

Technically, March support $11.80 to $11.60 per bu range possible should funds bolt long positions ahead of year end. NOPA data indicated this past week, U.S. soyoil stocks for November are now at an eight (8) year high. Meal demand to produce pork in China had been the key fundamental driver this fall plus heavy fund activity key drivers (IMO).

Entering 1st quarter, traders will be focused on crop development in South America . . . .

[TASFarms]

$15 for canola around Saskatoon. Is this right Or is it off alittle?

[farming101]

Specialty canola is there or close to it.
I don't see that anywhere with posted offers and it would be quite a bit more over posted prices to have some generic canola being picked up for 15 in the Saskatoon area.

[JoeyJeremiah]

$15 for canola around Saskatoon. Is this right Or is it off alittle?

Cargill had a +11.50 basis or a $13.50nas a special early last week. If you just did the basis that might get you to $14. Most line companies are around the $13 mark, maybe a bit over now.

[TASFarms]

I thought most of the crushers are at $14

[JoeyJeremiah]

Cargill Clavet bids, self delivered.




Viterra Humboldt

P and H Quill Lake.


As you can see those of us in the price slum of the NE consistently take a 50 cent to a dollar hit in prices on most crops.

[TASFarms]

Seems only time to get a good price is when they have cars coming for that certain commodity. Their post price is a joke