Headline News

Howard Leaman                                                     Jul 21/17

     Canola - Canola traded on both sides of unchanged on Friday, ending
lower near the lows for the day. The weakness was attributed to spillover
selling from soy, palm oil, and strength in the Canadian dollar. European
rapeseed was mixed. Forecasts calling for beneficial rainfall in key U.S.
soy growing areas weighed on prices on both sides of the border. The
Canadian dollar gained about three tenth of a cent against the U.S. dollar
on Friday. 

     The selling in canola was curbed by continued concerns about hot and
dry weather in western Canada, and tight Canadian canola supply.

                                   Resistance     Support
               Nov Canola          513.70         495.20
               Jan Canola          517.80         500.00