Headline News

Howard Leaman                                                     Feb 24/20

     Canola was on the defensive from the start of trade on Monday, ending
lower with relatively large losses. The weakness was attributed to
spillover selling from other equity and commodity markets as traders
reacted to increased concerns about the coronavirus and its potential
impact on the world economy. Technical selling added to the losses in
canola. 
     The selling was curbed by weakness in the Canadian dollar and bargain
hunting by commercial traders. The Canadian dollar lost about a quarter of
a cent against the U.S. dollar on Monday.  

                                   Resistance     Support
              May Canola           470.00         457.70
              July Canola          476.80         464.50