Targets out tomorrow during market hours to see how the sell-off continues as we move down to key Fibonacci Retracement levels and to firm up the Durum price anomaly at a few stations right now. J-MAS is not selling against this price drop as there are a number of Technical and Fundamental factors that are being taken a little too literally right now. We believe that highs will be challenged again and with better basis levels so are not panicking into what should be a healthy and short term price correction.
FOB Assiniboia, SK (Except for Lentil/Chickpea FOB Farm, and Ethanol Wheat FOB Moose Jaw)
#1Canola: Sep $12.72(46) Jan $12.99(35)
#2Y.Pea: Aug $8.75 Oct $8.45
#1Flax: Oct $13.18
#2GrLentil: Sep 19.5c
K.Chickpea: Nov 36.0c
#FdWheat: Aug $6.25
#2AD13.0: Sep $7.75 Dec $7.85
#2HRS13.5: Sep $8.77 Dec 8.87