Headline News


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.