Headline News

Howard Leaman                                                     Feb 20/19

     Canola traded on both sides of unchanged again on Wednesday, ending
lower. The market followed through on Tuesday's technical selling, aided by
strength in the Canadian dollar and spillover selling from European
rapeseed. The Canadian dollar took a run at a move above $.76 U.S. on
Wednesday, up about three-tenths of a cent. 
     The selling in canola was curbed by bargain hunting in response to
talk that the selling over the last two days has been overdone, especially
ahead of Friday's USDA export data report. In addition, soybeans and soy
oil rallied later in the day to lend spillover support to canola.

                                   Resistance     Support
               May Canola          494.00         478.10
               Jly Canola          501.30         485.80