To quote Mike Jubinville at Pro Farmer Canada, "flax futures are the star of the Winnipeg market". We've had over a $25 rally in Nov flax futures since early September which is opposite what other oilseeds are doing. Looks like some commercials (grain companies) are short cash flax (flax grain) for an export commitment.
If you've got flax in the bin (or nearly in the bin) watch this market carefully because it could drop that $25/t pretty quickly if the grain cos get all the seed they need!
If you've got flax in the bin (or nearly in the bin) watch this market carefully because it could drop that $25/t pretty quickly if the grain cos get all the seed they need!