Canola Rally, Ugly Basis: Hedge or Wait?

Canola futures are green, but prairie basis is still ugly. In today’s Cuppa Coffee, Ryan Denis breaks down canola, wheat, urea, UAN, crude oil, crop conditions, and crop marketing strategy with Evan Boyle from Simple Hedge. Canola was trading around $763/tonne, crude oil was under $78/barrel, urea was around $800/tonne, and wheat markets were trying to find support. Ryan and Evan discuss whether farmers should sell wheat rallies, whether canola basis is lagging futures, whether puts still make sense, and why relief rallies may be the marketing opportunity farmers cannot afford to ignore. Guest:Evan Boyle, Simple Hedge Thank you to our sponsorhttps://land4rent.com Subscribe for more Western Canadian grain market updates, canola futures, wheat markets, fertilizer pricing, basis conversations, and practical crop marketing strategy. #Canola #GrainMarkets #CropMarketing Chapters (00:00:00) - Futures open: crude, canola, wheat, soybeans(00:00:53) - Wheat demand and prairie grain prices(00:01:16) - Urea near $800/tonne(00:01:44) - UAN premium vs urea(00:02:31) - U.S. crop conditions improve(00:03:33) - Crude, urea and market headlines(00:04:32) - Evan Boyle from Simple Hedge joins(00:05:21) - Simple Hedge app and farmer education(00:06:31) - Simple Hedge weekly market recap(00:08:35) - WASDE recap: mostly quiet(00:09:59) - Wheat support: sell rallies or wait?(00:12:30) - Wheat risk, weather and winter opportunities(00:13:25) - Is canola basis broken?(00:14:39) - Why canola futures are holding up(00:15:38) - Are commercials waiting on farmer selling?(00:17:50) - Did farmers miss the canola put window?(00:19:11) - Ryan’s canola hedge strategy(00:21:09) - Hedging without delivery risk(00:21:30) - Final advice: reward relief rallies(00:22:14) - Land4Rent sponsor and Friday preview