Tight supplies could send old crop canola futures higher before the new crop harvest, but values were showing signs of running into resistance in early May.

Squeeze possible for old crop
Most fields still have good soil moisture
July canola hits C$700/tonne mark, settles under it
Soil moisture conditions very from region to region
Bullish bets rise
Canola drops back March to March
July contract to hit C$700/tonne, just when?
But year-to-date exports nearly 7.40 million tonnes
Futures working to ration demand
Cold snap halts spring seeding