Canola Update

[wheatking16]

Canola is looking good.

https://klarenbachgrainreport.substack.com/p/canola-update

[beaverdam]

Looking good,,, 1009 at the moment.

Interested to understand,,, are you thinking we're going to move higher due to product demand, or because of devaluing of the CND?

Looked at the Max chart, all time high looks like it's around $1100/t, any idea the value of the CND at that time?

Ty for posting

[LWeber]

That chart should draw out the ... $1000 canola days are done crowd ...
Some crushers moved away from January futures pricing at the end of October.

You looking for something ag bullish Mallee?

One bushel of soybeans can yield 1.5 gallons of biodiesel (NBB). Using all U.S. soybeans for biodiesel could produce 5.1 billion gallons biofuel

UNITED STATES: A new Sustainable Aviation Fuel Grand Challenge to inspire the dramatic increase in the production of sustainable aviation fuels to at least 3 billion gallons per year by 2030


UNITED STATES: New and ongoing funding opportunities to support sustainable aviation fuel projects and fuel producers totaling up to $4.3 billion

UNITED STATES: An increase in R&D activities to demonstrate new technologies that can achieve at least a 30% improvement in aircraft fuel efficiency

Prior to COVID: The global fuel consumption by commercial airlines increased each year since 2009 and reached an all-time high of 95 billion gallons in 2019.


Today, 97% of all gasoline sold in the U.S. contains ethanol.

In 2019; 0.88% of the aviation fuel used was from sustainable sources.

[shtferbrains]

Biodiesel is the only option to make freight transportation fit the C02 reduction myth.

Read somewhere bean acres have to double in near future to meet planed new crush capacity.

[wheatking16]

Looking good,,, 1009 at the moment.

Interested to understand,,, are you thinking we're going to move higher due to product demand, or because of devaluing of the CND?

Looked at the Max chart, all time high looks like it's around $1100/t, any idea the value of the CND at that time?

Ty for posting

I do not know what is driving the price higher other than there are more buyers than sellers.

Typical market technician response,..... I know.


Forex is too complex for me to attempt to understand.

One could overlay the CAD and canola charts, but I have not.

[farming101]

Beans in the teens!

[TOM4CWB]

Beans in the teens!

Soybeans broke well over $13, Corn $6… weather market in Argentina and south Brazil… Kansas fires… Tornadoes… dry CDN Praire… 40 million more acres of Soybeans needed with shrinking Arable US and CDN farm land… EU no different…Corn at $6…black oil up …wheat retracing back up… Dry southern US with over 50% of wheat in bad shape… Philipeans superstorm… Livestock up… Russian troops on Ukrainian border… Trillions $$$ in US and EU credit being piled on top of the 250T$ injected so far… and the lockdowns and Pandemic continues…

To get new future Nuclear electric generators going… and on line…plus the transmission capacity to feed all the new EV and building heat pumps… the efficiency electrical losses is enough to negate supposed C net zero gains for generations to come…

Fresh Water shortage to grow crops, Phosphate shortage, pins and needles…. Volatility will be wild!!!

Merry Christmas!

[Old Cowzilla]

Beans in the teens!

Don't you guys think Canadian bean prices kinda suck given the direction our $ going ?

[TOM4CWB]

Biden just ordered 500M rapid Covid tests to distribute free to everyone… how many Billion $$$ and further free tests will be consumed… let alone all the boosters PPE and snarled inefficiency in the supply chain… Canadian grain handling under Federal Labour laws… Covid Vax or job termination… railways too…

Disruptive volatility not over!

[crusher]

Local crusher was picking up $24 March targets today. They got a little of my inventory.

[agstar77]

Local crusher was picking up $24 March targets today. They got a little of my inventory.

Canola and beans linked. 15.50 local beans.

[flea beetle]

Local crusher was picking up $24 March targets today. They got a little of my inventory.

No balls norm won’t get any of my product. Still waiting for a phone call from that joker.

[Partners]

Bunge full for Feb. March next price option..
Same for RP to yorkton..

[AlbertaFarmer5]

Bunge full for Feb. March next price option..
Same for RP to yorkton..

What should we make of this?

Have deliveries really been this high that they are full, everyone taking advantage of the prices, and if so, why would they need to have offered such prices?

Or is their crush program throttled back so far due to lack of demand at these prices?

Just trying to figure out what happens later on, if supply is going to run right out, or if demand drops off so far that it stretches out.

[shtferbrains]

Bunge at Nipawin used to crush one week regular canola and one week speciality canola including a fair bit of Hear.
They may have a lot more contract than some?
I think the delivery on the specialty canola is at thier option?