NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Wed Mar 13, 2013 04:55 PM CDT

This week has not been a positive week for new-crop canola futures as concerns surrounding the record-sized soybean crop in South America along with prospects of a rebound in the 2013/14 United States soybean production weighing on the market.

Weak technical signals are seen on the attached daily chart. Technical weakness began to surface on Monday's trade. First of all, Monday's open was $5/mt higher than Friday's close, with Monday's trade taking place over a $10/mt range and closing just above the low of the day's trading range for a loss of $1.80/mt on the session. Monday's session saw prices ...

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