Can canola futures go much lower? Would it be
wise to buy canola futures at this point or is there
more downside yet? It was said about a month
ago to sell soy futures as it would start dropping
and come back into line with canola...so far the
exact opposite has happened, soy continues to
climb. Just as when futures climb quick, going
down quick is not healthy either. I realize the
logistics are causing most of this drop but when/if
things start moving faster with warmer weather
are we going to see a rebound or is $7-$8 the
new norm?
wise to buy canola futures at this point or is there
more downside yet? It was said about a month
ago to sell soy futures as it would start dropping
and come back into line with canola...so far the
exact opposite has happened, soy continues to
climb. Just as when futures climb quick, going
down quick is not healthy either. I realize the
logistics are causing most of this drop but when/if
things start moving faster with warmer weather
are we going to see a rebound or is $7-$8 the
new norm?