Commodities markets are a very complex ecosystem. On the surface it may seem as simple as supply and demand affecting pricing on any given commodity. That is true, but underneath is a very complex web that ties a number of different commodities together. When it comes to effectively predicting which way prices are going to turn, you need to go that much deeper.
That’s the situation we’re faced with when we look at the potential for $600 canola. We’re close, but there are a number of different influences pressing on that number from without and from within. To try and understand the underlying factors behind that push, we talked to Farms.com Market Analyst Moe Agostino.
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