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Agricultural News

Canola TV - Brandon Winters Explains Canola Pricing Relationships

Fri, 30 Sep 2011 03:14:04 CDT

Canola TV - Brandon Winters Explains Canola Pricing Relationships

In the newest edition of Canola TV, Ron Hays and Brandon Winters of Producers Cooperative Oil Mill discuss canola pricing, how canola compares to wheat, and looking forward to pricing for the 2012 crop season. Winters says that canola prices have fluctuated this past crop year but have consistently been higher than wheat prices per bushel. Currently, canola is about $3.50 to $4.00 per bushel higher than wheat prices.

Winters also says that many producers look at different aspects of the industry to establish the price of canola. PCOM takes a variety of these into consideration and Winters says they are trying to provide the producers different avenues to look at on canola pricing. Winters says there are some producers that like to look at price per pound, while others like to look at per metric ton, and others like follow canola against soybeans.

Producers can already begin looking ahead to the 2012 canola crop bids says Winters. The 2012 new crop bids for canola are already posted daily on the PCOM website- which you can visit by clicking here.

Click on the play button in the screen below to watch the latest edition of Canola TV with Brandon Winters of PCOM.

Our thanks to PCOM for their sponsorship of Canola TV as found on YouTube.



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