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

We CAN'T HARVEST Anymore Corn!

Video: We CAN'T HARVEST Anymore Corn!

The bin build is up against it now. We've run out of room in the old system using the old dryer. The new dryer and new bins are not yet ready to use. Harvest holdups usually include weather and breakdowns, but this time we're sitting idle because we just have no place to go with our crop. And the harvest we have done has been really inefficient with no grain cart!