Canola prices continued to retrace it’s early 2016 gains falling to the lows last seen in early March near 33.50. Prices appear to be in a steady downtrend as momentum gains traction on a daily basis. Resistance on canola is seen near the 20-day moving average at 35.5. The daily Bollinger bands are widening which shows that historical volatility is picking up.
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01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...