Fools,,,the price of canola and crushed oil didn't go down, simply the crush margins went up!
Have a look at what they were on June 14th, then have a look at where they were yesterday, $38.00/t difference.
[URL=http://futures.tradingcharts.com/news/futures/ICE_Canadian_Canola_Board_Margin_Index_Close_25363 2835.html]June 14th[/URL]
[URL=http://futures.tradingcharts.com/news/futures/ICE_Canadian_Canola_Board_Margin_Index_Close_25437 8453.html]June 27th[/URL]
I'd say we're getting royally screwed, but the truth is we're royally screwing our selves.
Have a look at what they were on June 14th, then have a look at where they were yesterday, $38.00/t difference.
[URL=http://futures.tradingcharts.com/news/futures/ICE_Canadian_Canola_Board_Margin_Index_Close_25363 2835.html]June 14th[/URL]
[URL=http://futures.tradingcharts.com/news/futures/ICE_Canadian_Canola_Board_Margin_Index_Close_25437 8453.html]June 27th[/URL]
I'd say we're getting royally screwed, but the truth is we're royally screwing our selves.
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