Howard Leaman Mar 31/20 Canola traded on both sides of unchanged again on Tuesday, ending mixed with the two nearby contracts higher, but the deferred new crop positions ended lower. The market was supported by news that China would resume imports of Canadian canola, though some argued that the resumption had been anticipated and was already partly factored into the market. A firmer tone in soy oil and soybeans and early weakness in the Canadian dollar against the U.S. dollar also lent support to canola. The buying in canola was curbed by a recovery in the Canadian dollar and a mixed to lower tone in palm oil and European rapeseed. The Canadian dollar dropped to $0.6969 at one point on Tuesday, before rallying back for a quarter cent gain on the day to trade near $0.7085 when canola stopped trading for the day. The USDA perspective plantings report and quarterly stocks report were released on Tuesday, and both were well within the range of expectations for soy. That had little if any influence on the canola market. Resistance Support May Canola 473.40 461.00 July Canola 482.70 470.00 I am retiring today, so this is my final comment. Thank you to DTN for a 25-year partnership. I wish you all good health and success in the future.