Markets go up and markets go down. In the last thirty days canola has taken quite a run in multiple directions. Is it overbought, oversold or just right. Ask all of us in November. The trading range of $500 – $600 per tonne seems to be a real opportunity to trade the range but for hedgers it will take real discipline to try and take advantage of range highs.
Canola is definitely still the most profitable crop for farmers on the prairies so it will be definitely the first seeded with the late spring that is being predicted.
In this episode of the Canola School, Jon Driedger, FarmLink Marketing Solutions and Shaun Haney, RealAgriculture.com discuss the canola market and what farmers should be considering over the growing season.
Check out more Canola School Episodes
If you cannot see the embedded video interview below of Jon Driedger and Shaun Haney discussing the canola market click here.