Headline News


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.