Canola Futures Feeling the Energy... Oil up again!

[Guest]

Not sure if you noticed there are swarm of black swans (or buzzards) circling over this economy.

In 2008 it just took one investment bank that few people ever heard of to crash it. Now we have dozens of such weak points in this global economy and the leverage has to be 10X higher.

Careful jazz
You’re sounding like Neil and the others
Sell,sell,sell!

[GDR]

What's the downward pressure on canola this week?

I read that Canadian futures usually run approx $50 under the Matif ****seed futures (europe) and if you do the conversion we are approx $120/mt under currently.

[wheatking16]

What's the downward pressure on canola this week?

I read that Canadian futures usually run approx $50 under the Matif ****seed futures (europe) and if you do the conversion we are approx $120/mt under currently.

I suspect it is due to Soybeans breaking down.






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https://t.me/klarenbachresearch

[farming101]

October WASDE world Canola/r a p e seed forecasts
Ending stocks raised in October forecast. Also, (not shown) is a forecast reduction in use of about 1 MMT.
So, the sentiment seems to be that substitution or a resistance to high prices may cap use for this crop year.
USDA is using 13 MMT 2021 crop and ending stocks for 2020/21 of 1.767 MMT for Canada