NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Mon Mar 11, 2013 04:19 PM CDT

Over recent weeks I have highlighted market signals which point to concern for the 2013/14 Canadian canola crop. The first is the November/January inverse, which is a bullish sign derived from commercial activity. This spread closed at $2.40 per metric tonne in today's trade, below its January high of $4.20/mt, but remains bullish just the same.

The second indication is the aggressive basis levels seen in the cash market. While single-digit basis levels have been available throughout Alberta and western Saskatchewan for new-crop deliveries, the average Prairies-wide basis level at the end of last week, based on available data, was ...

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