Markets today ?

[farmaholic]

Biofuels aren't green enough for Justin.

His only solutions are sunny ways and windy days......you have to "appear to be getting something for nothing"! ...his socialist ways.

[farmaholic]

Overnight trading has canola off to a good start, lets see if it can create some momentum and sustain another rally.

Market analysts?......

Not just a day rally either.

Draw some lines for support and resistance on the July contract chart and please post it.

[farming101]

Open interest across all months finally went up today after drifting lower since Feb 13. That's something

Chart below-
Sailing through the 527 line very positive
Trendline support at 516.51 and resistance at 539.73
Retracement line of 515 second support and holding the last two dips
Dec 6 high at 545.20 second resistance

A close above 527.42 Thursday would provide confirmation and might uncover more long specs testing the waters. Likely have to reach for 545 to get $12 bids in the majority of areas
Just one way to look at things. Might not go that way at all

[Oliver88]

Farming 101 or anyone else - Could you tell us the long funds vs the short funds?

[farming101]

Oliver info not widely available sorry I don't track it

[HappyFarmer]

Funds bought another 1500 today. Now long 6000 in canola.