OTCPK:INPCF - Post by User
Post by
WheresMeGoldon May 28, 2019 5:18pm
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Post# 29779717
Canola prices setting up to head notably higher
Canola prices setting up to head notably higherCanola prices appear to have bottomed out and to be ready to break through various resistance. The reasons for higher prices are numerous. There is the reversion to the mean. China needs to stop fighting with Canada now that it is in a long trade battle with the US. Bad weather in the US threatens this years soybean crop. Buying Input shares is a great way to buy canola at a steep discount as Input has a huge interest in canola with its stock price selling at 2/3 book value. The book value will continue to go up as Input buys back and retires shares below book. Rising canola prices will also drive up book value even further.