Canola School: What’s Right? Charts or Fundamentals?

 

 

 

 

 

Are you having trouble looking down the line at the canola markets? You’re not alone. There are a number of sources sending mixed signals to producers. On one hand when we look at the charts, we see that the January-March futures indicate a strong sell (according to Barchart). On the other hand we see fundamentals telling a different story with things like Oil World forecasting potentially large export increases for Canada and Australia in light of the poor crop in the EU. So what can producers do to make sense of the markets and make the best decisions possible?

This week on the Canola School we attempt to clear the waters with help from Farmlink Marketing Solutions analyst Jonathan Driedger.  We explore the conflicting technical information (charts) and  the market fundamentals (supply and demand).  Don’t these two things talk to each other.

SEE MORE CANOLA SCHOOL episodes.

If you cannot see the embedded video below click here.

 

Shaun Haney

Shaun Haney is the founder of RealAgriculture.com. He creates content regularly and hosts RealAg Radio on Rural Radio 147 every weekday at 4:30 PM est. @shaunhaney

Trending

Wheat prices jump into August — This week in the grain markets

This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In…Read more »

Related

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.