Reading Time: 2 minutes Despite farmer selling there remained little doubt that the canola market was bearish during the week ended Jan. 31, according to analyst Jerry Klassen of Resilient Commodity Analysis in Winnipeg.
Keep close eye on upcoming stocks as of Dec. 31 Stat Can report, says analyst
Early harvest reports from South America could affect prices
South American rainfall, Chinese demand, good production outlook for U.S., Russian wheat weighing on prices
Wheat followed the firm trend, bouncing after a slide to one-week lows
Chinese demand less certain as real estate crisis deepens there
Net short position in soybeans grew to its largest level in nearly four years
Outlooks for large soy and corn crops in Argentina, optimism about Brazil's harvest set the tone
KC wheat firms on demand optimism
Southern U.S. cotton crop could cap soybean acres
Wheat futures ended up 2.4 per cent on technical buying and weakness in the dollar