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Holy Canola

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    #1

    Holy Canola

    That's quite a drop. Can anybody explain? Palm oil is down but......
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    #2
    Traders think, it rained so huge crop MUST be coming. All problems are solved.

    Comment

      #3
      Originally posted by LEP View Post
      Traders think, it rained so huge crop MUST be coming. All problems are solved.
      There is at least a late sept, likely October harvest coming here.

      Comment

        #4
        Global bio-diesel selling off . . . Palm oil slammed near 10% down overnight. WTI crude again threatening to break below $100 per barrel. Economies are now in-contraction (recession) as central bankers hike rates on premise of battling inflation that has already peaked and already in-a-downswing. Timing couldn't be worse . . . .

        Canola caught in-the-crosshairs of this firefight.

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          #5
          Originally posted by errolanderson View Post
          Global bio-diesel selling off . . . Palm oil slammed near 10% down overnight. WTI crude again threatening to break below $100 per barrel. Economies are now in-contraction (recession) as central bankers hike rates on premise of battling inflation that has already peaked and already in-a-downswing. Timing couldn't be worse . . . .

          Canola caught in-the-crosshairs of this firefight.
          Just wait till Statscan June report... Ouch.

          If heat in US stays long enough... maybe back to $950Nov22?

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            #6
            Boom 💥

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              #7
              Read one the other day that said farmers spend their whole life hoping for a drought.

              Just not in their area.


              Be hard to point to a risk area that hasn't shrunk in the last week.

              Including Ukraine/Russia.

              Worldwide food shortages is not on the front page for this week.

              Comment

                #8
                Well, I screwed up and got greedy.

                Did very well on just about every sale up to now this winter. Real good actually so my average is nice.

                But Now I had July stuff to move.

                Now payback is a bitch for the last bin.

                Well, the good thing is Trudeau will get less in tax now. Thank god for a positive out of this shit show.

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                  #9
                  Here is the US weather forecast for the next week to Wednesday

                  Looks like reasonably good moisture for row crops



                  Comment

                    #10
                    Originally posted by TOM4CWB View Post
                    Here is the US weather forecast for the next week to Wednesday

                    Looks like reasonably good moisture for row crops





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