Headline News

Howard Leaman                                                     Sep 21/18

     Canola traded on both sides of unchanged again on Friday, ending
higher. Trading was choppy, but eventually prices headed higher due to
continuing concerns about wet and cold weather in western Canada, a
downturn in the Canadian dollar, and spillover buying from soy oil and palm
oil. The Canadian dollar lost about a tenth of a cent against the U.S.
dollar on Friday. 
     The buying in canola was curbed by weakness in soybeans, meal and
European rapeseed, and disappointment that China has not stepped up its
buying of Canadian canola to replace U.S. soy imports. Chinese purchases of
U.S. soy have fallen due to trade tension between the U.S. and China. 

                                   Resistance     Support
               Nov Canola          491.50         483.50
               Jan Canola          498.00         490.00