Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Sat Jan 4, 2014 05:46 PM CST

The canola market performed well this week, gaining $4.10 per metric tonne over the week on the March contract, while the March soybean contract lost 42 1/2 cents and March soybean oil lost 3/4 cents per pound. Canola's discount to soybeans, on a Canadian dollar per metric tonne basis, has narrowed from a low of $80.16/mt on Dec. 27 to $54.82/mt to end the week.

As seen on the attached chart, trade over the past six sessions has consolidated in a $15.70/mt range, with today's close just below the mid-point of the range, with potential support at this week's low ...

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