Howard Leaman Jul 18/18 HIGHER Canola has been mainly stronger in overnight action. Palm oil, European rapeseed and the soy complex are all higher this morning. The Canadian dollar is down about three tenths of a cent against the U.S. dollar. BULL SIDE BEAR SIDE 1) Traders are watching high 1) North American crop conditions temperatures in western Canada. The are generally favourable, despite concerns are eased somewhat by some areas of concern. forecasts calling for rain in some 2) The technical bias in canola is areas, but the rain may miss the to the downside, and any bounce is driest areas. apt to be widely seen as a selling 2) The Canadian dollar is on the opportunity. defensive against the U.S. dollar. 3) U.S./Chinese trade tension 3) Canola could see spillover buying continues to overhang prices. from other markets today.