Headline News


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.