Headline News


Howard Leaman                                                     Oct 18/18

     Canola was mainly on the defensive on Thursday, ending lower. The 
weakness was attributed to harvest pressure as North American weather turns
more favourable. Spillover selling from the soy complex, palm oil, and 
European rapeseed added to the soft tone in canola with technical selling 
extending the fall. 
     The selling in canola was curbed by weakness in the Canadian dollar.
The Canadian dollar lost about a third of a cent against the U.S. dollar on
Thursday.

                                   Resistance     Support
               Jan Canola          506.00         490.00
               Mch Canola          513.30         495.30