HARK! Canola / Soy Price Recovery In-Progress

Finally, a break in the futures chart downtrend plus a cash price recovery in oilseed markets in-progress. Here ‘s a look at the new crop charts and price potential for both new crop canola and soyoil. Plus, lets look at strategies (to consider) in the current market environment. What do basis levels indicate, a review . . . . Note: Old crop soybeans have also broke their ongoing downtrend. A price bottom may be finally forming after a difficult bearish winter market.

Traders are now refocusing on spring plantings and the North American weather season straight ahead. The potential for higher cash market and rising futures pricing finally appears in-the-gunsights. It just needs some juice. Good marketing! . . . . Errol