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Wednesday, October 22, 2014

Canola has found a floor, is there upside

By Angus Brown  |  Source: Matif, ICE, Trade

Canola prices have been relatively static for the last month. Both ICE Canola and Matif Rapeseed have maintained their value as slow harvest progress on US soybeans and dryness issues with the South American soybean crop has halted the increasing supply outlook and supported prices. Locally, Canola remains at historically strong basis to ICE and Matif. Is there any upside for this market up to and after harvest?

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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