Canola futures are taking on the chin today, down 8.20-8.40 at the close. I have had a chance to go through numbers in more detail now, and market action probably has it right….sorry to bear bad news. StatsCan revised seeded and harvested acres for 2013 up by approx. 300,000 acres. Don’t think many had their [...]
Actual seeded acres based on survey completed June 11 shows seeded acres for Canola at 19.84 million acres. This is an increase of 420 thousand acres from the March survey, and just 150 thousand acres off of my March number. I have reduced my yield from the 5 year average down to the 10 year [...]
Hey everybody, sorry for being so quiet this week. We are down to cleaning and our last load of our move, by this time next week we will be settled in and I will be able to refocus. I will start today with a brief disclaimer for those specialty, cash crop, pulse, or durum growers. [...]
I have had this conversation several times over the past week. Many of you are holding old crop Spring Wheat contracts that were (might still be) priced against the July Futures contract. In most cases we intentionally set these contracts up this way with the expectation that we would price them out into any sort [...]
