Headline News

Howard Leaman                                                     Aug 17/17

     Canola - Canola traded on both sides of unchanged again on Thursday,
ending higher. The market got off to a soft start, but recovered in
sympathy with the soy complex, palm oil and European rapeseed. Much of the
buying was attributed to talk that the recent selling has been overdone.
Concerns about dry conditions in parts of western Canada and weakness in
the Canadian dollar added to the buying in canola. The Canadian dollar fell
by about a fifth of a cent against the U.S. dollar on Thursday.

     The buying in canola was curbed by continued expectations that the
U.S. soy crop will be large this year. Key U.S. soy growing areas received
beneficial rainfall overnight, though some areas remain dry. 

                                   Resistance     Support
               Nov Canola          509.20         492.30
               Jan Canola          514.00         496.60