Without the Chinese market, it’s only a matter of time before canola futures are poised to break below C$600 per tonne in its November contract, said Phil Speiss, trader with RBC Dominion Securities in Winnipeg.
Crops
‘Lack of bullishness’ says trader
Expected to drop passed last year’s lows
StatCan projects less wheat in 2025/26
Wet weather limits progress in some areas
Mixed projections for other cereals, oilseed, pulses
Up-and-down trade for oilseed
Rains range from none to 110 mm
Soyoil a bright spot