The canola markets have been heating up ! Soybeans usually determine our canola prices and they are not having great yields in South America. They are also starting to run down the stocks of the Soybeans in the States... If the US gets seeding early ( good chance of that ) the farmers may put more corn in the ground than beans... We currently have shrinking stocks and great demand for Canadian Canola. This has been making for some excellent prices. We stepped into the market Friday March 16 and set a price of $12.00 / bushel for 5 tonnes of canola to be delivered to Brandon in September... $10 is usually a very good price...$12 is great
Stay tuned !
Ray the Grain Guy