Canola Rebounds a Daily Momentum Turns Positive

Canola prices are rebounding moving higher during the latter half of November, buoyed by a surge in bean oil.  The recent reversal in the prices of soy beans have helped the entire vegetable oil complex gain traction. Daily price action has seen canola move above the bollinger band high (2-standard deviations above the 20-day moving average), as the bollinger band width increased to the widest level since October,…