Canola Breaks Out and is Poised to Test 2-year Highs

Canola oil prices have broken out on a weekly basis and are poised to test 2-year highs near 43.  Ongoing harvest delays in parts of Western Canada, and the uncertainty over how much of the crop may be left following winter, added to the gains in canola.  Prices have also been buoyed by the upward swing in benchmark bean oil prices. Resistance is seen near the Bollinger band high which is 2-standard…