Updated Marketing Plan Monday, Technical Tuesday and Sales Rec Wednesday. Big drop for canola captured in the new “Move” in Marketing Plan report, the ugly technicals in the Technical report and the Durum and Flax sales in the Sales Recommendation report. We are letting the market panic, not panicking ourselves. Nothing great on the horizon for Canola due to the burden, but the bottom has not fallen out as one look at the Bean chart will show. Price action for Beans more important over next few days in the wake of a big demand confirming USDA report. Oil component weak or not, Canola can not discount itself to Beans this much without finding new and long term beneficial demand avenues.
Either link gets you to the full report with Analyst & Customer comparisons for our three core crops.