Chart of the Week

June 20, 2016 Flax Chart, Flax News 0 Comments

Bids for flax at US elevators and crushers have been strengthening since April. Those gains aren’t necessarily related to fundamental factors specific to flax but are tied to allied markets. In particular, the rally in soy meal has lifted US prices for linseed meal by $185 per ton since early April. The linseed oil price in the chart is mostly an indicator, but isn’t seen as strong as meal.

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