NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Tue May 13, 2014 05:17 PM CDT

The July/November canola spread narrowed $3.10/mt to close at an inverse of $4.50/mt Tuesday (July trading above the November), a positive sign of solid commercial demand or bullishness. This is the narrowest this spread has been since Oct. 2, after trading as wide as minus $18.10/mt (November trading over the July) on February 13.

There will be plenty of head scratching over this move, as market watchers struggle to question why the market is presenting bullish signals on a year with record production, disappointing rail shipping and expectations of a carryout growing from 588,000 mt in 2012/13 to an expectation ...

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