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.
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