Howard Leaman Feb 16/18 MIXED Canola has traded on both sides of unchanged in overnight action with the bias turning to the upside. Palm oil, European rapeseed and soy oil are lower this morning, but soybeans and soy meal are firmer. The Canadian dollar is up about six one-hundreds of a cent against the U.S. dollar. Trading could be choppy today as traders position themselves ahead of the long weekend. The ICE Futures Canada market will be closed on Monday for the Louis Riel holiday while the U.S. markets will be closed for Presidents' Day. BULL SIDE BEAR SIDE 1) There continues to be enough areas 1) Despite areas of concern, South of concern in South American soy crop American soy supply is expected to areas to keep some weather premium in be ample this year. the markets. 2) The Canadian dollar is trending 2) The technical bias in canola is to higher against the U.S. dollar. the upside, and any weakness is apt to 3) Canola could see spillover be widely seen as a buying selling from other vegetable oils opportunity. today.