Howard Leaman Jul 20/17 HIGHER Canola has traded on both sides of unchanged in overnight action, with the bias turning to the upside. Palm oil and the soy complex are stronger this morning, but European rapeseed is on the defensive. The Canadian dollar is down about a fifth of a cent against the U.S. dollar. BULL SIDE BEAR SIDE 1) The weather continues to dominate 1) Some North American crop areas the markets. Hot and dry conditions in are enjoying favourable weather, western Canada have led to talk that and large U.S. soy production is irreversible damage has occurred to still a possibility. the canola crop. 2) Canola ended yesterday on a weak 2) Canola could see spillover buying note, keeping the technical bias to from soy and palm oil today. the downside. Follow through 3) The Canadian dollar is down about a selling has been lacking in last fifth of a cent against the U.S. night's session, but if it does dollar this morning. develop it could build on itself.