Headline News

Howard Leaman                                                     Dec 04/19

     Canola traded on both sides of unchanged in overnight action, ending
lower. The market continued its bounce off Monday's lows, supported by
spillover buying from the soy complex, palm oil and European rapeseed.
     Traders were apparently reluctant to chase canola too much higher,
however, ahead of Friday's Stats Can production report. The market
eventually showed independent weakness later in the day due largely to
strength in the Canadian dollar. Comments from the Bank of Canada sent the
Canadian dollar up by about half of a cent against the U.S. dollar, and
that weighed on canola. 

                                   Resistance     Support
              Jan Canola           455.90         452.00
              Mch Canola           464.90         461.00