Headline News


Howard Leaman                                                     Sep 20/17

     Canola traded on both sides of unchanged again on Wednesday, ending 
mixed. The market was supported by harvest delaying wet and cold weather
in parts of western Canada, spillover buying from European rapeseed, 
soybeans and meal, and exporter buying. Technical buying extended the gains 
in canola.

     The buying in canola was curbed by strength in the Canadian dollar, 
weakness in palm and soy oils, increased farmer selling of canola, and a
continued reaction to yesterday's Stats Can estimate that this year's
Canadian canola crop will be record large at 19.7 million tonnes. The 
Canadian dollar gained about aquarter of a cent against the U.S. dollar on 
Wednesday.

                                   Resistance     Support
               Nov Canola          501.80         486.60
               Jan Canola          508.70         493.00