Canola Drops, But Remains Supported by Wet Weather and a Weaker Dollar

Canola prices hit resistance and rolled over, as the entire vegetable oil market faces pressure of an overhang in inventory. Prices have been buoyed due to wet weather, that will continue to delay planting in some areas of the mid-west during the  coming two weeks.  Additionally, data released by cargo surveyor Intertek Agri Services showed palm oil exports rose 16.2% between May 1-25,…