Howard Leaman Jul 19/19 MIXED TO HIGHER Canola has traded on both sides of unchanged in overnight action, with the bias turning to the upside. Palm oil is on the defensive this morning, European rapeseed is mixed, and the soy complex is firmer. The Canadian dollar is down about a tenth of a cent against the U.S. dollar. Trading in canola is apt to be choppy today ahead of the weekend given the uncertainty surrounding North American crop development. BULL SIDE BEAR SIDE 1) North American crop conditions are 1) North American crop weather is improving, but there are still enough continuing to improve and the areas of concern to keep some weather markets are slowly losing their premium in the markets. weather premiums. 2) Key support levels on canola's 2) Chinese/Canadian tension price chart are holding as traders continues to overhang the canola appear to be reluctant to break prices market. out of their consolidation pattern at 3) Canola continues to test support least until they have a better grip on the price charts. If you keep on the size of this year's crops. hitting the floor eventually it will break.