$$ReportWatch – StatsCan Crop Production fell within expectation on more or less all crops. Sentiment was Bearish coming in, so we may see upside today.
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All posts for the month February, 2012
TextWatch – The Blackberry had a very rough time sending a rather long text out today. To keep “real-time” information coming that’s received within minutes …
… Rather than emails which can be received days later, texts are still the key as information must be measured in minutes, not days – especially ahead of …
… Big reports. How to make this work better will be a topic on Tuesday’s Marketing Meeting on the 7th. I probably go “Blog” format with a link Texted out.
$$CanolaWatch – a mildly Bullish pennant formation is coming to a breakout point perfectly in line with Friday’s StatsCan. Will be interesting and a market-moving report as industry has them pegged to bump up ’10/’11 yields/production again. I believe StatsCan has been increasing Old Crop production number more on the high “Delivery Rate to Date” than on actual Survey Data.
To me, the high Delivery Rate is more a function of high harvest price and 2008 type fear than their formula that tells them it’s due to an underestimated crop size – but I must respect that I may be wrong and them right. Choose a side on that distinction ahead of Friday because with a wedge shape pattern going into it, it is likely to be a Short Term catalyst that breaks us one way or the other into a more Medium term trend and if Bearish, it probably depresses prices longer than you can hold Old Crop.
If you find these Texts too long for texting, let me know and I’ll set up a private Blog and will link a Text to it in the future (need smart phone). Emails take us out of “real-time” info.
