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Canola markets up good this am

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    Canola markets up good this am

    Maybe see a near term run of $25/tn IMO

    #2
    Soybeans up 37, planting is stuck in mud there too.

    Comment


      #3
      Beans at 16 will need to be watched and be decision
      time.

      Comment


        #4
        Bean oil up 46 - 54 cent in months out to DEC 13
        JULY 13 was up 66 cents today.

        Comment


          #5
          Beans back over 15. Looks like the weather is not cooperating for planting.

          Comment


            #6
            Solid closing of the 14.80-15 level will bring in the
            specs with maximum upside to-at an eyeball glance-
            21ish?

            Comment


              #7
              The long term trend from september 2006 remains
              intact.

              Comment


                #8
                My only comment is to watch the inverse in new crop. Todays rally is pull from new crop but the inverse still exists. Will be interesting to see if the rally has legs. Lots of happy south american soybean producers. US soybeans are a story to be told.

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