Headline News

Howard Leaman                                                     Jul 19/17

     Canola - Canola traded on both sides of unchanged on Wednesday, ending
mixed. The actively traded contracts ended lower, but the 2018 crop
contracts were settled higher. The market was supported by spillover buying
from soy and continued crop concerns. Western Canadian crop areas are
seeing warm and dry weather at the key development stage for canola and
there is talk that yields are being lost.

     The buying in canola was curbed by strength in the Canadian dollar and
spillover selling from palm oil and European rapeseed. The Canadian dollar
started Wednesday on a soft note against the U.S., but recovered to post a
fifth of a cent gain.

                                   Resistance     Support
               Nov Canola          513.70         495.20
               Jan Canola          517.60         500.00