Headline News

Howard Leaman                                                     Nov 08/19

     Canola traded on both sides of unchanged again on Friday, ending
mainly higher. The distant deferred positions were settled lower. The
market was supported by spillover buying from soy oil, palm oil and
European rapeseed combined with weakness in the Canadian dollar. The dollar
lost about a third of a cent against the U.S. dollar on Friday. 
     The buying in canola was curbed by weakness in soybeans and meal and
evening up ahead of the long weekend. The ICE Futures Canada market will be
closed on Monday for the Remembrance Day holiday. 

                                   Resistance     Support
              Jan Canola           466.10         454.50
              Mch Canola           475.10         463.60