Canola Remains Elevated Buoyed by Palm Oil Demand and Diesel

Canola prices remain buoyed, as vegetable oil prices have been supported by positive sentiment and a derth of supply in Asia. With Diesel prices rising on the back of Wednesday OPEC cut of production, prices of vegetable oils that are used as inputs into the bio-diesel process should continue to remain buoyed.

Canola is testing resistance near the Bollinger band high at 43, which is 2-standard…