Howard Leaman Feb 23/18 HIGHER Canola has been mainly firmer in overnight action. Palm oil, European rapeseed, soybeans and soy oil are also stronger, but soy meal is mixed. The Canadian dollar is slightly lower against the U.S. dollar. Stats Can will release its latest inflation report this morning, which could affect the Canadian dollar and subsequently canola. BULL SIDE BEAR SIDE 1) Concerns about dry conditions in 1) Upward revisions in estimated Argentine soy crop areas, and excess Brazilian soy production and U.S. moisture in parts of Brazil continue soy supply are balancing estimates to provide underlying support to the losses in Argentine soy output. oilseeds. 2) A slowdown in Canadian canola 2) The technical bias in canola is to exports so far this crop year will the upside, and any weakness is apt to likely result in a significant be seen as a buying opportunity. build up in stocks. 3) The Canadian dollar continues to 3) Many traders are looking for show a soft tone against the U.S. record large Canadian canola dollar. acreage this spring.