Canada Markets
Cliff Jamieson Canadian Grains Analyst
Thu Aug 14, 2014 04:55 PM CDT

While there are a number of factors lending support to the canola market, such as Canadian dollar weakness, a lack of producer deliveries and uncertainty about the potential for this year's crop, a number of factors point towards a further move lower.

Canola's price action has shown uncertainty in the past two days, with the November contract ending unchanged Wednesday while soybeans and soybean oil finished lower, while on Thursday, canola finished lower along with soybean oil while ignoring a rally in soybeans. The soybean oil market has been in a greater than three-year down-trend and continues to seek a ...

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