And I bet no one had any booked for sept at $10 , right ??
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What % of your canola crop is left to sell?
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40% at $13.00. I was going to sell another 30% at $14.00 today but missed it by .... this muchLast edited by therealnorthernf; Dec 23, 2020, 17:36.
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35% priced early. $11.00
%20% priced a month ago $13.35
Remaining basis locked +$13 March trying to capture inverse to May.
Remaining tonnes hedged in options spreads etc.
Will price more soon on a down day lifting certain positions.
Price all out before winter remaining long the paper.
Definitely a year to just bin it and forget it lol.
Don't worry about others' positions really. My strategy a long haul.
$700 very possible nearby. Good time to sell next years'!!
Anyone who has rang the bell selling whole crop at highest price for year has far more years netting in the bottom third.
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Originally posted by jazz View PostI didnt sell much canola, but I locked in urea today and booked canola seed because farmers are going to seed the country corner to corner looks like.
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If no crash, might have started today as key reversal, down $20 from high.
If prices stay till May....Canola snow canola will happen. Cleaned seed will keep till 2022.
Neighbor ZERO price, wants $15. Betting half priced, trucks were busy harvest time hauling it. Another sold 75% at 10.50, a year ago? Nobody schoopit, don't beat yourself up. We are just pawns, enjoying the trickle down.Last edited by fjlip; Dec 23, 2020, 18:20.
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