Howard Leaman Oct 18/19 LOWER Canola has been mainly on the defensive in overnight action. Palm oil, soybeans and soy meal are higher this morning, soy oil is mixed, and European rapeseed is lower. The Canadian dollar is unchanged against the U.S. dollar. BULL SIDE BEAR SIDE 1) Winter weather in western Canada 1) Canola's technical bias is continues to provide underlying breaking to the downside. support to canola, though that factor 2) Trade tension with China, is fading as the harvest progresses. especially between Canada and 2) Recent Chinese buying of U.S. soy, China, continues to overhang and talk of progress in U.S./Chinese canola. trade talks are supporting soy, and 3) The harvest in western Canada lending spillover support to canola. is progressing and farmer selling 3) Canadian canola is competitive in of canola is expected to increase. the world market.