Commodity Marketing Thread

[SASKFARMER]

Palm is going to be what to watch.

Next canola sale might be $25.00

[farming101]

We are waiting and watching the Hrsw . We were planning on selling 1/2 in early December but other circumstances delayed us then it dropped
It has picked up recently other than that one day drop
We have a number in mind but they continuously increase the basis. It’s at $2.60 a bus right now which is criminal, but I guess the signal is they dont want it yet .

$2.60 at 40 bus / ac is over $100 / ac .... that’s insane but shows the market does not need wheat at all I guess yet

Hope I am not misunderstanding your comment - Basis in the wheats (except durum) is added to the futures price.
Example today locally: March delivery $11.86 CAD

So, MW March is 9.20 plus 2.66 basis = 11.86CAD

The currency exchange is in the basis

Chart shows basis changes since the start of the crop year for NW Sask

[Partners]

RP in yorkton. Targets hitting for $19.25 November..

[checking]

Scared to have a position over the weekend because of world events. Sold some beans at 16.50 yesterday 17 today Wow.

Good on you, Agstar. I wondered if anyone had any left.

Took 290mt jag out of inventory for Apr-May delivery on a lark target of 17.25 yesterday, and it sprung. If supply chain holds up we will be eating steak instead of beans come springtime.

[agstar77]

Good on you, Agstar. I wondered if anyone had any left.

Took 290mt jag out of inventory for Apr-May delivery on a lark target of 17.25 yesterday, and it sprung. If supply chain holds up we will be eating steak instead of beans come springtime.

We are 50% sold. Probably should have sold wheat at 13 got greedy.

[checking]

We are 50% sold. Probably should have sold wheat at 13 got greedy.

I've decided that there is no such thing as greed in this racket.

[errolanderson]

The shock will be when investors open up their January investment statements . . . .

[agstar77]

As long as you are in Warren Buffet stocks it's all good. Grain markets rocking tonite.