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Bullish or Bearish Canola?

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    #1

    Bullish or Bearish Canola?

    Are you Bullish or Bearish Canola in the next 2 to 4 weeks?

    4 to 8 Weeks?
    Tags: None
    #2
    Bearish 2-4
    Sideways 4-8
    Bullish in the new year
    Last edited by Sodbuster; Sep 8, 2022, 17:01.

    Comment

      #3
      Sold enough to have the bags all cleaned up before the snow hits. Harvest glut is in full motion and it’s a bad time to sell for the next two months. IMO

      Comment

        #4
        Originally posted by Sodbuster View Post
        Bearish 2-4
        Sideways 4-8
        Bullish in the new year
        My feelings as well. It’s wait and see as cereals we have a better idea where things are but canola at farm level is a crap shot where yields are let alone prairie wide. Winnipeg market trying to kill the price in hopes when it rockets back it won’t be so high as before. China needs to get back into the market before things turn around.

        Comment

          #5
          Originally posted by WiltonRanch View Post
          My feelings as well. It’s wait and see as cereals we have a better idea where things are but canola at farm level is a crap shot where yields are let alone prairie wide. Winnipeg market trying to kill the price in hopes when it rockets back it won’t be so high as before. China needs to get back into the market before things turn around.
          China was in the market in the past three/four weeks and is done until 2023.
          Thank everyone for the export sales reporting...

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            #6
            I will tell you after Saturday morning

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              #7
              It will be much worse when the exporters (who are all building crush facilities) limit exports to support their crush plants and beautiful margins. Saw some place current crush margins $220 ton - why export when those margins are available. We can only hope the crush capacity gets over built.

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                #8
                Originally posted by jazz View Post
                I will tell you after Saturday morning
                Click image for larger version Name: Screenshot 2022-09-08 200746.jpg Views: 1 Size: 89.9 KB ID: 773771

                Regina has an airport; you get 11 models...

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                  #9
                  Our overnight temp keeps dropping for Saturday morning, was at 7 , then 3 , now 1


                  Not surprisingly for here now
                  Plus 1 is a -2 north of town
                  Won’t hurt anything at this point here
                  Actually expected with the full moon 🌕

                  Comment

                    #10
                    Originally posted by jazz View Post
                    I will tell you after Saturday morning
                    Will have zero effect on markets if there is a frost or not at this time , 2 weeks ago maybe .

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                      #11
                      Originally posted by LWeber View Post
                      [ATTACH]11027[/ATTACH]

                      Regina has an airport; you get 11 models...
                      Click image for larger version Name: Screenshot 2022-09-09 081909.jpg Views: 1 Size: 93.7 KB ID: 773774

                      Another watch tonight...

                      Comment

                        #12
                        Originally posted by furrowtickler View Post
                        Will have zero effect on markets if there is a frost or not at this time , 2 weeks ago maybe .
                        Lots of green standing canola here.

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