The last few days have brought several readers calling to discuss Canola.
With good reason, our 600 Nearby Futures level did not hold with today’s close of 587.70 trading off the May contract.
M.D. is coming off a profitable Canola trade and is wondering about another short opportunity.
D.O. is looking for a buying opportunity.
R.F. is concerned about a slide to hell lower.
It is a tough market, and the trend continues lower, making Long positions difficult to be profitable.
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Meanwhile, Soybeans continue to move lower as well.
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