Canola-Commercial Stocks

[farming101]

Week 46 - 1,229,700 tonnes 14.37% higher than week 46 last year. Haven't run out yet...

[furrowtickler]

Is that mostly in commercial storage ? At coast ?

[bucket]

Could that be contracts for July delivery considered commercial stocks? That may still be on farm waiting to be delivered?

[farming101]

Canola in Commercial facilities as of June 20

58.4% Primary Elevators
13.0 % Process Elevators
15.6% West Coast
13.0% Thunder Bay and points east

Maybe another 140,000 tonnes in transit on water and rail

[errolanderson]

Stats Can pegged canola acres too low last year and this year as well . . . .

Now its showing up as a higher carryout heading into crop year end. Stats Can should hike canola acres on Tuesday. If they don’t, they are wrong again. My opinion . . . ,

[crusher]

When canola hits $24, like it did, tells me there wasn't much left to sell. I've got some in storage, but its all sold. Always has to be something in the pipeline.

[farming101]

How many acres of canola there is will not mean anything this year.
Crop prospects for 2021 are grim.

[shtferbrains]

Plants are all still crushing?
Bunge seems to be running as usual. Trucks still going by here though not many recognizable. Mostly Super-B very few local tri axle.

[Partners]

Some crops are awesome.
Some look like they need a cultivator.
Going to be a major flop..

[TOM4CWB]

Some crops are awesome.
Some look like they need a cultivator.
Going to be a major flop..

Nov. 21- High $763.00 Low-$717.00... Will the forecast for below average rain for the next 30 days be right.

I have never seen more Canola planted in north central AB. most came up ok.

Will we get showers... or will it be a 2002 drought event.

This will be wild volatility... with expanded limits and algorithms... sold a little 2red 13 for $9.56 yesterday. WOW. Cheers

[SASKFARMER]

It’s the markets way of trying to keep prices down that’s all this is about it’s a play buy others to talk up this crop and say we have lots in pipeline. Yea I sold at over 24 it’s gone what’s left is priced but not much. Yes a few are still delivering canola at 17.89 or 18 these are the guys who wanted 30.

When you realize it’s a big game life is so much easier.

I can’t wait till the shit for brains comes out and tells us again biggest crap ever.

[TOM4CWB]

It’s the markets way of trying to keep prices down that’s all this is about it’s a play buy others to talk up this crop and say we have lots in pipeline. Yea I sold at over 24 it’s gone what’s left is priced but not much. Yes a few are still delivering canola at 17.89 or 18 these are the guys who wanted 30.

When you realize it’s a big game life is so much easier.

I can’t wait till the shit for brains comes out and tells us again biggest crap ever.

Sask, Nothing would make me happier than if it turns out to be a good crop in 2021!
Let’s hope and pray we get some decent rain for everyone!!!
God Bless Canada!!! Please!!!!
Cheers

[farming101]

None to very little rain for most parts through to July 7
Temps pushing 100 some days. NO subsoil moisture.

We'll check in July 7 for an update

[farming101]

Update:

[Old Cowzilla]

Going out to pasture with mixing wagon now %^$$%^*&$#$