Front months of the oilseeds continue to rally but particularly in canola, backwardation is moving to more extreme as the market understands there is a major swing to oilseeds underway.
OPEN HIGH LOW LAST
May'12 637.30 645.90 636.00 645.00 +6.20
Jul'12 630.00 632.80 625.70 631.60 +1.60
Nov'12 582.00 583.00 574.90 577.70 -4.40
