Howard Leaman Jan 24/20 MIXED TO LOWER Canola has traded on both sides of unchanged, with the bias turning to the downside. Palm oil, European rapeseed, soybeans and soy oil are all lower this morning while soy meal is mixed to lower. The Canadian dollar is down about a tenth of a cent against the U.S. dollar, trading about a tenth of a cent above $0.76. Stats Can will release its recent retail sales data today which could influence the Canadian dollar and subsequently canola. BULL SIDE BEAR SIDE 1) Though South American crop 1) South American crop conditions conditions are generally favourable, are generally favourable as the traders are watching dry conditions in Brazilian soy harvest starts to some areas, while excess rain in other pickup. Record large production is areas may delay the early soy harvest. possible. 2) Canola fell sharply yesterday and 2 This week's Meng Wanzhou is starting to look oversold. Prices extradition hearing will highlight could bounce ahead of the weekend. the strained Chinese/Canadian 3) The Canadian dollar is back on the relations that have been weighing defensive against the U.S. dollar on the canola market. after yesterday's bounce. 3) Canola could see spillover selling from other markets today.