Howard Leaman Feb 21/20 MIXED TO LOWER Canola has traded on both sides of unchanged in overnight action with the bias turning to the downside. Other markets are little changed this morning; palm oil is unchanged, European rapeseed, soybeans and soy meal are lower, and soy oil is slightly higher. The Canadian dollar is virtually unchanged against the U.S. dollar. BULL SIDE BEAR SIDE 1) Though South American soy crop 1) South American crop conditions areas are generally enjoying are generally favourable. Record favourable weather, there are areas of large production is expected. concern. 2) The Wet'suwet'en protest is 2) There is some optimism that China disrupting canola movement to the will increase its purchases of U.S. west coast which could hurt export soy as trade tension between the two sales. countries ease. That could lead to 3) Concerns that the coronavirsus spillover buying for canola. will hurt the world economy continue to weigh on many markets.