Headline News

Howard Leaman                                                     Oct 18/19

     Canola traded on both sides of unchanged again on Friday, ending mixed
with the nearby contracts lower, but new crop positions - starting with the
November 2020 contract -higher. The selling was attributed to spillover
weakness in soy oil and European rapeseed, and strength in the Canadian
dollar. The dollar gained another tenth of a cent against the U.S. dollar
on Friday. 
     The selling in canola was curbed by a firmer tone in soybeans and
meal, reports of harvest progress in western Canada, and talk that canola
was competitively priced relative to other vegetable oils. 

                                   Resistance     Support
              Jan Canola           473.40         459.40
              Mch Canola           482.20         467.40