New Crop Canola Update

Several producers are buying November Canola Puts.

Others are pricing fall Canola.

Some are undecided.

Many are not interested.

Current and fall prices are attractive.

Readers will see our past analysis where we became Bullish NOV 2022 above 838.90.

That has worked out well with the current price at 1112.

Did this prompt the reader to speculate on the November contract with a Long Position?

Perhaps, the reader replaced their fall commitments with a Long November contract position?

This analysis can assist with decision-making.

We updated our analysis on April 9

You can find the historical Canola analysis here.

Riding the trend has been a great strategy.

We will get sell signals.

It could happen next week.

Or not.

Time will tell.

Right now, the chart is making new weekly highs.

What is the message?

Sit

Wait

STAY LONG

NOV 2022 WEEKLY FUTURES CHART