Howard Leaman Aug 17/17 MIXED TO HIGHER Canola has been mixed in overnight action, with the bias turning to the upside. Palm oil, European rapeseed and the soy complex are all stronger this morning. The Canadian dollar is down about a tenth of a cent against the U.S. dollar after gaining about six tenths of a cent on Wednesday. BULL SIDE BEAR SIDE 1) There is some talk that the recent 1) The technical bias in canola is selling in the oilseeds is overdone, to the downside. Any bounce is apt and the markets are due for a bounce. to be widely seen as a selling 2) Crop conditions in western Canada opportunity. are showing some improvement, but some 2) The Canadian dollar rallied areas do need more rain and some areas sharply against the U.S. dollar are too wet. yesterday. 3) Canola could see spillover buying 3) Potentially large U.S. soy from other vegetable oil markets production is overshadowing the today. tight Canadian canola supply situation.