Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Wed Jan 22, 2014 04:33 PM CST

The canola market, along with other oilseeds and vegetable oil markets, is currently closely tied to the soybean oil futures. While recent highs in the soymeal futures have come close to testing the March contract high reached in December of $440.40/ton, soybean oil futures have been trading sideways while holding above the contract low of 37.42 cents/lb, reached on January 8.

The March canola contract shares a number of similarities with the March soybean oil chart, also trading sideways above its recent contract low of $421/mt reached on January 16, while also failing to overcome resistance at its 20-day moving ...

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