Howard Leaman Sep 16/19 MIXED TO HIGHER Canola has been mainly stronger in overnight action, with the exception of the November 2020 contract. Palm oil, European rapeseed, and soy oil are higher this morning, but soybeans and soy meal are lower. The Canadian dollar is about a fifth of a cent higher against the U.S. dollar. Crude oil prices are up sharply following the attack on a Saudi Arabia oil plant. BULL SIDE BEAR SIDE 1) This year's late development of 1) Trade tension between China on both the Canadian and U.S. crops has the one hand, and Canada and the kept some weather premium in the U.S. on the other, continues to markets. Though there has not been any weigh on the oilseed markets. significant frost damage yet, the 2) Harvest pressure is apt to keep potential for damage is being watched a lid on prices over the short closely. term. Farmers have large supplies 2) South American soy crop areas need of canola that they will have to rain heading into the planting season. move in order to find space for 3) Canola is seeing spillover buying this year's crop. from other oils, including crude oil, 3) The Canadian dollar is up this morning. against the U.S. dollar this morning.