J-SALES – Looking for a Canola Bounce next week.
There was no surprise in USDA today. Actually digging deep more numbers came in on the Bullish side of expectations than Bearish but everyone knows Crop will continue to grow in each report and this report did help confirm that.
So much bad priced-in though and no fresh news for a while that we are looking for a small rally next week to sell into. I also expect money flow into grains and out of Equities on what has to be a favourable Risk/Reward for big money participants as a top seems in on that market.
That is our thoughts for next week and why we are gearing up for a Jan delivery sale to start moving past 50% in many grains.
Continuing to hold Pea, Lentil, HRS but have no problem with guys grabbing the $9 plus bids for 3AD towards 65% sold as you find them.
