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- Canola Market Outlook Video: Trend and Basis Insights
Canola Market Outlook Video: Trend and Basis Insights
Removing the Guesswork
Today, we provide a video analysis of the canola market, focusing on futures and cash prices.
The analysis covers Canola $RS_F ( 0.0% ) Futures on the weekly and daily timeframes, the Saskatchewan cash price, and the basis relevant to Alberta, Saskatchewan, and Manitoba.
We discuss the ongoing downtrend in the market, the impact of China's recent actions on prices, and the significance of various moving averages.
Potential market movements are discussed, and we identify key price levels to monitor, suggesting possible trading strategies depending on the market's behaviour.
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