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    #1

    Canola Price

    Canola price has been moving down for the past few days.
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    #2
    Originally posted by Goodtime View Post
    Canola price has been moving down for the past few days.
    Canola price hit resistance at $900 and now is ratcheting lower. Bearish tone in the markets right now imo.

    Comment

      #3
      Or maybe there are no forward export sales?

      Comment

        #4
        Originally posted by Rareearth View Post
        Or maybe there are no forward export sales?
        Crushers full like I said before..
        Last edited by Partners; Nov 17, 2022, 09:19.

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          #5
          Malaysian palm oil plunged 10% so far this week. Soyoil appears technically topped out. Crude oil falling.

          It's a recession . . . .

          Comment

            #6
            The usd/cad exchange would be a factor in the last week or so price decline. Sold some when futures hit the 900 area, looks like I should have sold some more.

            I was hoping for a little run but now I’m hoping it will recover from it recent loses before Xmas.

            Comment

              #7
              Lots of land and steel pymts. due dec. 1 and grain co's have caught on.

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                #8
                Good news . . . solid drop in gasoline prices, diesel starting to break as well.

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                  #9
                  Canola is still dropping....brutal.

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                    #10
                    Originally posted by Goodtime View Post
                    Canola is still
                    dropping....brutal.
                    $11.55 wheat now that is brutal.
                    $12.80 yellow peas

                    Grain News said:
                    Priority No. 1:
                    “Produce More”

                    More for what???
                    For lower prices???

                    There is little demand for some products as it is and growing more just adds to the problem.

                    Canola crushers are making wads of cash each day. Someone is making a pile of cash.

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