Howard Leaman Oct 23/17 HIGHER Canola has traded on both sides of unchanged in overnight action with the bias turning to the upside. Palm oil and soy meal are on the defensive this morning, but European rapeseed, soybeans and soy oil are firmer. The Canadian dollar is steady to lower after losing eight tenths of a cent against the U.S. dollar last Friday. BULL SIDE BEAR SIDE 1) The Canadian dollar fell sharply 1) Harvesting conditions in western against the U.S. dollar last Friday Canada and the U.S. are improving. and is holding the losses this As the harvest wraps up, the morning. potential for bullish news 2) There are enough areas of concern subsides. in key South American soy crop areas 2) Though there are areas of to keep some weather premium in the concern in key South American soy markets. growing areas, current crop 3) Canola could see spillover buying conditions do not appear to warrant from soy oil as traders continue to a significant weather rally. react to news that the EPA will not 3) The Canadian dollar could show lessen veg oil requirements in fuel. some bounce today.