Howard Leaman Oct 18/18 LOWER Canola has been mainly on the defensive in overnight action. Palm oil is steady this morning, but European rapeseed and the soy complex are all lower. The Canadian dollar is down about a tenth of a cent against the U.S. dollar. BULL SIDE BEAR SIDE 1) Though harvesting conditions are 1) The harvest in western Canada is improving, there is still concern resuming, and farmers are quick to about how much damage to the Canadian deliver canola rather than store it canola crop was done by the wet and on their farm. cold weather this fall. 2) South American crop weather is 2) The Canadian dollar has fallen back generally favourable, and many below $.77 U.S. traders are looking for large soy 3) Canola appears to have found some production this year. support on the price charts. 3) Canola is expensive relative to soy.