Closing market update: Canola/soybeans back away from resistance, wheat/corn higher | Jan. 29

Canola futures were slightly weaker on Thursday, as the market ran into resistance to the upside and speculative positioning weighed on values. Soybeans were also lower on the day, while corn and wheat found support from crude oil and a weaker U.S. dollar. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your Jan. 29 closing grain and oilseed market update.

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