Canola has been on a wild ride since the May 31 low rising from 641.19 to 854.80.
A $213 move.
This has provided hope to growers and those with Long positions.
The price of the nearby contract is currently trading at 774.30
The 854.80 price is now feeding our anchoring bias as we assume/hope that the price will return to that level.
We feel that an awareness of our beliefs and behaviours is important to the success of our marketing of products.
Below are updated charts and a trade idea posted today in the Klarenbach Commodities Telegram Group.
Reach out if you have an annual plan and want to join the group.
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