Canada Markets
Cliff Jamieson Canadian Grains Analyst
Mon Aug 11, 2014 04:51 PM CDT

With expectations for record global production levels of oilseeds in 2014/15, the canola market has little support to be found in outside oilseeds. October crude palm oil closed 2.5% lower on Monday, with a move of 56 ringgits lower to end at 2,177 ringgits. The market is influenced by weak data which indicates falling exports and growing stocks, while a recent decline in the perceived odds of an El Nino event this summer and fall has also weighed on prices.

A similar trend can be seen in soybean oil. The December soybean oil chart has been in a downtrend since ...

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