Originally posted by ajl
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Question for 101 , and other skilled marketers
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The highest prices have gone by the boards for the window extending to the end of the year. Expect Dec offers to drift down toward present values for Nov delivery.
Stability in futures should began to surface down at these levels with risk for a few more dollars loss in all months.
Looking at RXF19 levels of 461 as solid support. (Which would leave things looking very weak)
Veg oil prices are stuck which is also weighing on Canola values.
Not good news...
And worth what you paid for it. Take care
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