I just got a call today from a very well-known, prominent individual.

He is looking for a perspective on the rally in Canola and Wheat, as it seems contrary to conventional seasonal wisdom.

You know my thoughts on seasonals.

But you know I don’t worry too much about the whys and the how comes.

Instead, I focus solely on price.

It is not as noisy.

But admittedly not as interesting.

I love a good story and, quite frankly, the charts don’t do that for every one.

The Canola story is simple in my opinion.

Oil

All about the price of oil.

It appears like $100 is in the works again.

Wheat a little more complicated.

Black Sea this.

Drought that.

But I think a structural change is underway in the grain and oilseed market.

Let me explain: