Farms.com Home   News

Analyst sceptical about a return to $20/bushel canola prices

The sharp drop in canola prices caught more than a few people off guard last month.

But farmers hoping for a return to canola prices in the high teens will likely be disappointed, according to Mike Jubinville, the senior market analyst with MarketsFarm.

Speaking to farmers during a recent webinar, Jubinville described the price drop of canola as the March Massacre.

“Canola dropped about $100 a tonne in a very short period of time on the futures. To us, those losses seemed well over done, and we are seeing elements of a corrective rebound in the process,” Jubinville said. “Still, these macro economic worries that linger create a bit of a wet blanket on rally potential not just on canola, but I think for all commodities.”

Click here to see more...

Trending Video

Market to Market

Video: Market to Market

After battling back and forth, President Trump puts most U.S. tariffs on hold. Southern states wait for flood waters to recede while as drought picture improves. A look at CRP compliance across the U.S. And, commodity market analysis with Chris Robinson.