Canola Prices Roll Over as Prices Consolidate

Canola prices rolled over after suring toward resistance near the Bollinger band highs which are two-standard deviations above the 20-day moving average at 38.50.  Additional resistance was seen near the late March highs which came in at the same level.  Despite continued demand for bean oil for feed and food in the U.S. and China, an overhand of inventories from last autumns harvest continues to cap prices.

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