By BARRY COLEMAN, Northern Canola Growers Association
The bullish strength of oilseed markets recently is tied to the efforts of biofuel supporters on both sides of the border seeking to grow the industry and the expectation that government policy will be favorable for agricultural feedstocks. Soybean oil has been on a tremendous run in the past month, and canola prices have followed along. Since Jan. 1, canola futures have risen 13 percent. Local cash prices of canola have also risen approximately 16 percent since Jan. 1, reflecting a stronger basis.
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