NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Fri Apr 4, 2014 04:33 PM CDT

Despite the expectation for a huge carryout of canola this crop year and increased canola acres in 2014 (8.5% increase according to AAFC), the November canola contract continues to knock on the door of chart resistance while perhaps indicating a bullish ascending triangle chart pattern in recent trade.

As seen on the attached chart, trade over the past two weeks has seen higher lows, as indicated by the upward sloping blue trendline, while trade is confined below the flat upper line of resistance, which happens to be the red line, which is the 38.2% retracement of the move from the ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a new, faster method of testing soybean cyst nematode samples is...
  • Profit Makeover When Curtis Schallert's 40-year-old stands of Kentucky-31 fescue petered out a few years ago, the...
  • UAVs Taking Flight in Ag The FAA this month began accelerating its exemption approvals for companies testing the skies wit...
  • Iowa's Field of Dreams Current Iowa land values are running about 16% below peak 2013 levels. That's according to a real...
  • Drought Recovery March auctions show cash rent shocks could mount in 2016.
  • Competing for Dollars Beef is far from a loser in the daily race for buyers at meat counters across the country. It's n...
  • CDC: No Human H5N2 Cases So Far So far, there are no reported cases of H5N2 in humans, but transmission of the highly contagious ...
  • Ask the Vet Can I cure my cow's uterine infection with an infusion?
Related News Stories
Canada Markets
Canada Markets
Canada Markets
StatsCan 2015 Acreage Summary
Canada Markets
Canada Markets
Canada Markets
Canada Markets
CWB Sold to Bunge, Saudi Consortium
Canada Markets