# Canola Holds at Retracement Support

> November canola closed at 490.90 CAD per tonne, lower for a fourth straight week but holding above chart support near 489.60. Harvest challenges on the northwestern Prairies add production uncertainty.

- Date: 2018-09-14 · published 2018-09-14T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/63136-canola-holds-at-retracement-support
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Holding support with uncertain Prairie production leaves canola range-bound, with a break below support possibly triggering further declines.

## Read by commodity

- CANMEAL: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2018/09/14/canola-holds-retracement-support

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.