When it comes to futures delivery, its not so much price that matters - basis and spreads are the key.
Even with the potential delivery looming over the March, canola is up $7.10 in the Mar as I write this. But the May is up $7.90. And average basis is about 30 under.
Even with the potential delivery looming over the March, canola is up $7.10 in the Mar as I write this. But the May is up $7.90. And average basis is about 30 under.
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