NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Mon Nov 25, 2013 03:56 PM CST

At a time when canola's five-year seasonal chart is suggesting prices should be near the end of a sideways movement which has been in place since September and begin its seasonal move higher, the Vancouver cash basis is weakening and pointing to potential concerns in the export trade.

The cash basis against the January future seen on the attached chart by the red line in the lower-right corner plunged at the end of last week, with Vancouver cash weakening or widening $5/mt on Thursday, Nov. 21, while a further widening of $2/mt was reported on Friday, Nov. 22. This comes ...

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