Canola Prices Hurt By the Strong Dollar has Mixed Technicals

Canola oil prices moved lower on Wednesday and continue to face donward pressure.  Commodity prices have been hurt by the strong dollar and with the EU likely to ease monetary poilcy and the Fed poised to hike rates in December, it apears it will be difficult for commodity prices to gain traction.  Bean oil prices are now in full contango which is incenting elevators to store and forward sell bean…