NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Fri Mar 8, 2013 03:41 PM CST

The jury remains out over the true supply situation for canola on the Canadian prairies. Some users have expressed their beliefs that current on-farm stocks may be understated, with the actual supply perhaps not as critical as once thought. The May/July spread, which is the commercial trader's view of the fundamental situation of the market, indicates a bullish scenario in a sense that the spread does indicate a current inversion of $11.20/mt, but this has backed off from a February high of $15.40, indicating the bullish sentiments may be waning.

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