Canola how well or poor are we doing.

[Dirtfarmer1]

Sold 25 percent canola dec. 7 @ $13.02, Got nervous this morning sold another 25 percent @ 14.32.

The rest i will wait and see.

[Partners]

P&H at 15.00 May this morning.

[bucket]

P&H at 15.00 May this morning.

15 has to empty the bins?????

[beaverdam]

15 has to empty the bins?????

Not seeing that price here quite yet,,, we're away from crushers so use to lower or lagging prices,,, but ya, it would be hard to hold past $15.00. If we did, it would only be a bin for "gambling bushels" in the hope we could see $16, just to say we got some.

[bigzee]

15 has to empty the bins?????

Canola same price as red lentils. Now there’s something to think about. Wonder where lentils acres will be this yr?

[bigzee]

15 has to empty the bins?????

Canola same price as red lentils. Now there’s something to think about. Wonder where lentil acres will be this yr?

[farming101]

Best quality chickpeas under $20 per bu. 8-9's not much over $16

[jazz]

20% sold canola this am. April delivery $14.75 per bu.

Highest I have ever seen. Sold some for $14 back in 2013.

I see articles about china fing around with the canola trade, pests and dockage. They are all fired up to squeeze the west now that Biden is in. I would say she is time to pull the pin.

#1 durum $8.68
#2 durum $8.45
#2 or better reds 27c

Fall contracts on canola offered at $12.

[jamesb]

how high can we go?

[farming101]

As I've said many times, I don't know... Watching closely though

[jazz]

There is no act of god on these fall contracts.

Are you guys signing up for these?

I dont like contracting something I havent even seeded yet.

[farming101]

Will wait. Nov contract has lots of room and lots of time

Will not sell physical. Too dry. Will buy insurance. Lots and lots of it. Let the brokers feed their families

[beaverdam]

There is no act of god on these fall contracts.

Are you guys signing up for these?

I dont like contracting something I havent even seeded yet.

Isn't this the window of opportunity, that our farm groups should be lobbying for it?

[jamesb]

Isn't this the window of opportunity, that our farm groups should be lobbying for it?

On part of what we grow act of god clause are available. Malt barley and pulse contacts have them for a price. If i want to offset new crop canola sales options are there but can be pricy. It is interesting to watch the open interest in the options trade these days and what things are trading at. We just haven't seen a big enough jump IMO in new crop to sell much yet.