By BARRY COLEMAN, Northern Canola Growers Association
Canola futures prices have weakened recently while basis levels have improved. In Canada, basis levels have reportedly increased from $1.95 per metric ton (MT) to $6.91 per MT in the regions reported by pdqinfo.ca. In North Dakota, canola basis levels improved by $5 per MT to $10 per MT in the last month.
kAm}@CE9 s2<@E2 42?@=2 8C@H6CD 92G6 56=:G6C65 @?=J aa A6C46?E @7 6IA64E65 42?@=2 AC@5F4E:@? 7@C E96 4FCC6?E >2C<6E:?8 J62C E@ 2C62 4CFD9 A=2?ED] %9:D :D 5@H? 7C@> E96 `_\J62C 2G6C286 @7 bb A6C46?E 2?5 E96 =@H6DE =6G6= :? 6:89E J62CD] %9:D :>A=:6D 42?@=2 56=:G6C:6D D9@F=5 C2>A FA D:8?:7:42?E=J :? E96 ?6H J62C 2?5 DEC6?8E96?:?8 32D:D =6G6=D :?5:42E6 >@C6 42?@=2 :D ?66565 :? E96 D9@CE\E6C>]k^Am
kAmr2?@=2 56=:G6C:6D 7C@> 8C@H6CD :? r2?252 2C6 2=D@ C6A@CE65 E@ 36 @? E96 =:89E6C D:56[ 2D 56=:G6C:6D 2C6 @?=J f]b A6C46?E =@H6C E92? E96 E9C66\J62C 2G6C286] p?2=JDED DA64F=2E6 E9:D >2J :?5:42E6 6:E96C AC@5F46CD 2C6 C6=F4E2?E D6==6CD[ @C E96 4C@A :D ?@E 2D =2C86 2D 7@C642DE]k^Am