Headline News

Howard Leaman                                                     Nov 14/19

     Canola traded on both sides of unchanged again on Thursday, ending
mixed. The nearby November and January contracts ended with small gains, 
but deferred positions finished lower. The market lacked direction as 
traders waited for new developments to give prices direction. Strength in 
soy and palm oils, a soft tone in the Canadian dollar, and a slowdown in 
farmer selling of canola as the harvest nears completion for now lent 
support to canola. The Canadian dollar lost about three one-hundreds of a 
cent against the U.S. dollar on Thursday.
     The buying in canola was curbed by technical selling as traders 
refused to push prices out of their consolidation pattern given the lack 
of new news.

                                   Resistance     Support
              Jan Canola           466.10         454.50
              Mch Canola           475.10         463.60