Canola

[Rareearth]

Very grain market up today, except canola (down $15)

Impossible to figure this stuff out with out export reporting. Thats why its going down, right? With the rail service repairs cant get canola to port so importers don’t bid the market up, right?

I hope no one sells into this.

[GDR]

Very grain market up today, except canola (down $15)

Impossible to figure this stuff out with out export reporting. Thats why its going down, right? With the rail service repairs cant get canola to port so importers don’t bid the market up, right?

I hope no one sells into this.

I would assume that the slide is due to speculator fear of export canola dropping short term. All money guys jumping ship not grain companies. Reality is I doubt much new sales for canola will export west anyhow, grain companies have their committed sales and they will have to wait till rail service resumes or ship to PRupert. Anything they are buying now is going to crush plants. Hard to stomach some days but just gotta give it some time and it will jump back up with fireworks.

[TOM4CWB]

I would assume that the slide is due to speculator fear of export canola dropping short term. All money guys jumping ship not grain companies. Reality is I doubt much new sales for canola will export west anyhow, grain companies have their committed sales and they will have to wait till rail service resumes or ship to PRupert. Anything they are buying now is going to crush plants. Hard to stomach some days but just gotta give it some time and it will jump back up with fireworks.

New Crop 2022/23 [$838/$841 are up, as are May and July... rebalance going on... New crop Nexera now $20.50 plus bonuses

Cheers

[furrowtickler]

New Crop 2022/23 [$838/$841 are up, as are May and July... rebalance going on... New crop Nexera now $20.50 plus bonuses

Cheers

Does new crop have act of god ?