Howard Leaman Aug 21/18 LOWER Canola has traded below Monday's closing levels from the start of last night's session. Palm oil, European rapeseed, soybeans and soy meal are also lower this morning, but soy oil is holding steady. The Canadian dollar is up about a tenth of a cent against the U.S. dollar. BULL SIDE BEAR SIDE 1) Traders remain concerned that less 1) Forecasts are calling for ideal than favourable weather in parts of weather for U.S. soy in the crop's western Canada has curtailed canola final development stage. The stage production. is set for large production. 2) There continues to be some 2) There continues to be talk that optimism that Chinese/U.S. trade canola is expensive relative to tension could ease this week if trade soy. talks go well. 3) Key resistance on the canola 3) The technical bias in canola is price charts is keeping a lid on turning to the upside, and the buying the market. could build on itself. 4) The Canadian dollar is trending higher against the U.S. dollar.