Good bottoming price action on all Grains last 4 days but Canola sitting exactly at 38.2% retracement of the recent drop and thus a very good catch-up point for anyone who think $13.25 today looks a lot better than the $12.60 of ten days ago.
FOB Assiniboia, SK (Except for Lentil/Chickpea FOB Farm)
#1Canola: Dec $13.25(6) Jan $13.22(8)
#2Y.Pea: Dec $8.16 Jan $8.35
#1Flax: Dec $14.25 Jan $13.72
#2GrLentil: Dec 18.0c
K.Chickpea: Dec 34.0c
#EthWheat: Dec $7.38 Jan $7.51
#2AD13.0: Dec $7.90 Jan $8.08
#2HRS13.5: Dec $8.09 Jan $8.20
– Better pricing may exist in deferred delivery months. See “Deferred Real Values” post coming in a few hours. Marketing Plan Updates/Targets (tonight/tomorrow) will always utilize Real Value prices, reflecting Cost of Carry.
*special “limited tonne” price
