Canola Remains Elevated Buoyed by Palm Oil Demand and Diesel

Canola prices are heading lower and forming a topping pattern.  Weakness in the bean oil and soy bean market are weighing on other vegetable oil prices.  With little demand for palm oil in Asia ahead of the Chinese new year, volumes are thin. The soybean market has been tradfing under pressure as concerns fade over adverse South American conditions.

Prices have slipped through former…