Canola markets

[Sodbuster]

This crop is getting smaller by the day, 30+ for the next week in our area with no chance of rain that we needed 2 weeks ago. This hot weather is severely affecting flowering and podding, yields will be disappointing. Will definitely not be hedging any canola until it’s all in the bin this year, hopefully not to many producers get caught short. Would not be surprised to see final production numbers sub 15 MMT this year.

[Partners]

Canola flowering nice, but will pods fill?
Guessing 50% less yield than last yr..
Unless it gets burnt to crispy critters this week. Then even less..

[bucket]

This crop is getting smaller by the day, 30+ for the next week in our area with no chance of rain that we needed 2 weeks ago. This hot weather is severely affecting flowering and podding, yields will be disappointing. Will definitely not be hedging any canola until it’s all in the bin this year, hopefully not to many producers get caught short. Would not be surprised to see final production numbers sub 15 MMT this year.

But won't know for two years what the real number is.

You can knock off 250000 tonnes per day right now.

Using a starting point of 20mmt. And after 10 days it would still be too high.

easily sub 13 mmt

[Sodbuster]

Finally we have 5 days of rain in our forecast + smoke, crops will be saved again.

[Guest]

This crop is getting smaller by the day, 30+ for the next week in our area with no chance of rain that we needed 2 weeks ago. This hot weather is severely affecting flowering and podding, yields will be disappointing. Will definitely not be hedging any canola until it’s all in the bin this year, hopefully not to many producers get caught short. Would not be surprised to see final production numbers sub 15 MMT this year.

well it worked out good not pricing any before for you , why start now ?

[furrowtickler]

[jazz]

Ag reps have stopped phoning so it must be bad.

35deg days to finish out the month is a real kick in the nads.

[Guest]

yes furrow
its *** hilarious , you have to put a sign so those whack jobs know!

[farming101]

Price range for the Nov contract today is 829-949. I'm thinking 949 is more likely....was there overnight

[LWeber]

Price range for the Nov contract today is 829-949. I'm thinking 949 is more likely....was there overnight

889-949