market outlook It is important to note that despite a market’s fluctuations, prices are often contained between areas of resistance and support
Reading Time: 3 minutes The price of canola on the nearby weekly futures contract has declined $178 per tonne or the equivalent of $4 per bushel since May 2013. With basis levels deteriorating, cash prices have fallen further – as much as $5 per bushel. Tight ending stocks at the end of the 2012-13 crop year and reduced acreage […] Read more
Without news to explain the sudden turn, shorts may at first misjudge the turn as being merely a rally
Reading Time: 3 minutes Soybean prices have continued to trade in a sideways to slightly higher trading range since November 2012. Support is down at $14 and resistance up at $15.30. This $1.30 trading range is indicative of a market in equilibrium for the past seven months, with few buyers willing to pay more than $15.30 and most sellers […] Read more
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