No new Recommendations this week – but the following “Texted” catch-up reiteration:
Spot Canola should be $10+ at any location today. Good catchup position for anyone under 75% sold as we have a USDA out today. I always fear the reports that are being ignored. Sales Wreck will be out after the report.
For our last 20%, we feel there is 40-50c of Technical upside and 50-90c of Fundamental room if El Niño chatter becomes a reality. So mid-10’s target for Old Crop and we may pick up some low 10’s for a second New Crop sale.
Due to Transportation, summer weather will have a 2X impact on price so we must pick away at sales on the right side of $10 even if $12 may be in play in early 2015 on a dry ’14 summer.
Sent from my iPhone
We have been a little preoccupied with the weather station planning and some late sign-ups this week so still pushing back our regular reporting cycle another week. Marketing Plan Monday, Technical Tuesday and Fundamental Friday will be out next week FOR SURE. Here again is the J-MAS Merchandising Course link on the Agritalent Website – we are Grow Forward II eligible up to 75% of costs. http://agritalent.ca/programs/crop-merchandising-course