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Canola

Removing the Guesswork

I am back in the office after attending and having the opportunity to participate in Ryan Denis’ Crop Marketing Made Cool Conference in Drumheller.

Overview of Conference Attendance

  • Attended Ryan Denis’ “Crop Marketing Made Cool Conference" in Drumheller.

  • Engaged with speakers and attendees, focusing on grain marketing strategies.

Review of Recent Canola Market Trends

  • Analysis revisited from November 26 and prior evaluations.

  • Initial bullish stance on Canola above the 50- and 200-day moving averages before a pullback, influenced by external factors like tariffs.

  • Predicted a pullback to $600; the price dropped further to $563-$568.

Daily Nearby Chart

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Canola
Technical Analysis of the Canola Market