Brent Futz, The Spread Trader is back this week.
The Canola Conundrum
Chart 1 is a graph of the July’26/Nov’26 canola spread over the past 6 months.
The shift in orientation from a backwardation configuration of $17 in March to a contango orientation of $-11.00 at present marks a $28.00 change in the spread.
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