NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Wed Apr 23, 2014 05:04 PM CDT

As shown on the attached chart, the Vancouver cash basis for canola has widened from $80 over the May to $45 over the May in less than a month, according to reporting by the ICE exchange.

A combination of increasing supplies on the west coast along with growing weakness in oilseed demand, led by actions in China, may be behind the move.

The average weekly unloads for canola at west coast terminals was just shy of 198,000 mt over the past five weeks (week 32 to week 36), with three of the five weeks seeing unloads top 200,000 mt. This ...

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