Headline News


Howard Leaman                                                     Jun 21/17

     Canola - Canola traded on both sides of unchanged again on Wednesday,
ending lower. The weakness was attributed to spillover selling from palm
oil, European rapeseed and the soy complex, reports of generally favourable
North American oilseed crop conditions, strong competition from South
American soy, and follow through selling after Tuesday's weakness. 

     The selling was curbed by weakness in the Canadian dollar, tight
Canadian canola supply, and continued concerns about less than ideal crop
conditions in western Canada. North American crop conditions are generally
favourable, but there are areas that are too wet, while other areas need
more rain. The Canadian dollar dipped below $.75 U.S. on Tuesday, down over
a third of a cent.

                                   Resistance     Support
               Nov Canola          492.80         477.00
               Jan Canola          498.80         483.80