Conola Gives Back recent Gains, but Weekly Uptrend Remains In Tact

Canola oil prices consolidated forming a bull flat which is a pause that refreshes higher. Prices are feeling the pull of stronger distillate prices, where demand is exports from the U.S. are soaring, and the weight of cuts to biofuel requirements. The U.S. Environmental Protection Agency, announcement Wednesday that It is considering cuts to biofuel requirements in the Renewable Fuel Act in 2018 and…