Headline News

Howard Leaman                                                     Nov 22/17


Canola has traded on both sides of unchanged in overnight action, with the
bias turning to the upside. Palm oil, European rapeseed and the soy complex
are all stronger this morning. The Canadian dollar is up marginally against
the U.S. dollar. Trading is apt to be cautious as traders position
themselves ahead of Thursday's U.S. Thanksgiving Day holiday. The ICE
Futures Canada market will have normal trading hours, but traders are apt
to be reluctant to trade aggressively with the U.S. markets closed. 

BULL SIDE                               BEAR SIDE
1) Though South American soy crop       1) South American soy crop areas 
areas are generally enjoying            are generally enjoying favourable 
favourable weather, there are areas of  conditions. 
concern that should keep some weather   2) The technical bias in canola is
premium in the market.                  turning to the downside, and any
2) Canola could see spillover buying    selling could build on itself.     
from other vegetable oil markets today.