Canola,,, where we a goin' ? ? ?

[farming101]

Wonder if it will take out March 21's 852.10?

Meanwhile November 21 contract has a ways to go to reach the 2008 continuous chart's 769.30

[Guest]

$18 spot today. Hauling my contracts all in. If we get some decent moisture out of this storm coming that could signal end of the drought trade for a while.

It’s a drought jazz
All the signs are there
Your storms not coming

[Guest]

$1.50/bu between may and july

[farming101]

$1.50/bu between may and july

Yes I was a little right and now I am a lot wrong. May/July has gone way high

No one is buying physical canola based off the May that I know of.

V has a $2 discount for immediate delivery(if that's even possible) 15.57 against July delivery, 17.70

Nov erased 8.60 in 7 minutes.

[Sodbuster]

Some of us are still pricing off of May, so let her rip.

[Livewire]

I hope that’s not a picture of the spaceship Columbia in 1986. It had an awesome takeoff but was in flames 73 seconds later..... It had a nasty crash and took 7 people down with it. And it never went up again. Wonder how many are still on board this one today???? I am enjoying the view as I float back down to Earth safely with the bags of money I’ve pulled out of the sky.

[Sodbuster]

I’m debating whether I should flip my contract to July and pick up a +$70 on the basis.

[Livewire]

Sounds good to me. I flipped the rest of mine for 19.00. May have another load left after the rest goes but don’t want to short myself. Third chance at 19.00. It’s hard to sell when that spaceship is on flames going down!!!!$$