Canola Dips but Strong Support From Soy Beans will Keep it Buoyed

Daily canola prices have dropped to the bottom end of the 2-month range despite a rally in soy bean prices which have seen meal surge by oil prices consolidate.  The supply of bean oil remains stable, but the shortage in beans will directly affect the meal market.  Canola prices are facing both headwinds in the form of a stronger Canadian dollar which has been driven higher by oil prices, and…