NEWS
New Crop Canola Tests Support
Cliff Jamieson Canadian Grains Analyst
Mon Jun 9, 2014 09:47 AM CDT

Western Canada's record crop and disappointing rail movement over winter is expected to weigh on markets for some time to come. This is particularly clear given the trend in the CWRS basis level into new crop, as indicated by the blue line with markers for the selected months of June, August, October and January.

The average cash basis, based on accessible internet quotes, is $66.51 per metric tonne under the July contract, or $1.81 per bushel. Based on Friday's close, this represents a cash price of $5.28/bu. Basis levels show little improvement in the fall, with the August basis at ...

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