Canola

[crusher]

I had a warm fuzzy feeling on canola this morning but didn't act on it. Hopefully get another chance.

[JoeyJeremiah]

I had a warm fuzzy feeling on canola this morning but didn't act on it. Hopefully get another chance.

Knock on wood, but I have a feeling this thing is just getting wound up for a push through resistance. It should follow oil up. Barring any resolution in the war.

[ajl]

Got a little canola sold just over 26 for July. Just a little bit of unpriced left. Small crops can have big tail. From what I hear there is no export business at these prices, it will all have to go through the domestic market. With all the inflation going on many people can't afford to eat and will become food insecure. Right now the only thing that is bullish is our prime dufus talking up WW3 in europe but it sounds like not many are interested over there thankfully.

[wheatking16]

Canola hit my first level of interest and 1162 and came within $3 of tagging the second at 1180 before retesting the previous resistance at 1136ish.


My strategy tells me to be Long above 1130 and exit on a close below that level.

One may get chopped out but Rinse and Repeat.

My next level of interest where I would take profits are at 1180 and 1231.

[shtferbrains]

Canola yesterday was scary. Went full circle.
Up $20 to down $20.
Has to reflect on the basis unless buyers are trading live?
Margin calls have to be hard to keep up with.

[Guest]

1256 new resistance level, courtesy of the quant. I got the above listed 599 and 608 as buy levels. Also a $2356~ target, yes that's $53/bushel as resistance. 2356 popped up back in Late july and i thought it was full of shit, but the drought got worse, it hadn't really rained since, and inputs are getting more scarce. There's no time limit on it but in my opinion we are in a 8 yr drought lining up with the solar cycle and global cooling, the inverse or the flip side of the previous 10 year wet. Be very phucking careful pricing. Feb looks like closest turn point, expecting a high. This is a long ways from over. Only a monthly close under 599 would get me bearish. Somebody shut up the covid threads.... we got $ to make, the kind you retire on.

Jeezus , macdon is one smart cookie
Too bad he left us?
Insight that very few possess

[Old Cowzilla]

Seeding delays new buzzword in media now with local flooding in south half of province. Radio girl said that farmers having trouble getting ( crops off ) yes she said it that way twice .

[AlbertaFarmer5]

Jeezus , macdon is one smart cookie
Too bad he left us?
Insight that very few possess

Well you sure know how to jinx a good party

[makar]

Seeding delays new buzzword in media now with local flooding in south half of province. Radio girl said that farmers having trouble getting ( crops off ) yes she said it that way twice .

Gummy bear generation.

[Guest]

Well you sure know how to jinx a good party

FMG. That’s what I was thinkin
It’s comin back and I’m exiting this time