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 grew up on a family seed farm in Southern Alberta. Haney Farms produces, conditions and retails wheat, barley, canola and corn seed. Shaun Haney is the founder of RealAgriculture.com. @shaunhaney

Trending

Western Canadian Farmers Keep Fingers Crossed on Open Spring — Drew Lerner

The 2016 harvest seems difficult to forget but it's time to forget and focus on the spring that lies ahead. It's bitterly cold across the west this week so it's hard to think about spring weather, but for anyone that has crop left out in the field you are definitely hoping for an open, dry…Read more »

Related

Leave a Reply