Home |  Cash Bids |  Charts |  Weather |  Headline News |  Markets Page |  Futures Markets |  Canada Wx |  Canadian Ag News |  Canadian Market News 

Printable Page Canadian Market News   Return to Menu - Page 2 3

Howard Leaman                                                     Mch 21/18


Canola has traded on both sides of unchanged in overnight action, with the
bias turning to the downside. Palm oil is on the defensive this morning,
European rapeseed is steady to slightly higher, soy oil is narrowly mixed
and soybeans and soy meal are firmer. The Canadian dollar is up about a
tenth of a cent against the U.S. dollar. An announcement on U.S. interest
rates is expected today which could influence the Canadian dollar and
subsequently canola.

BULL SIDE                               BEAR SIDE
1) Canola showed some bounce yesterday  1) Concerns about dry conditions 
suggesting that it will at least hold   in key Argentine soy crop areas   
in a consolidation pattern over the     are fading as talk circulates that 
short term.                             any crop losses have already been
2) The Canadian dollar is holding onto  priced into the market.
most of its recent losses against the   2) Traders continue to look for a
U.S. dollar.                            large increase in Canadian canola
3) Long range forecasts are calling     acreage this spring. 
for a wet spring in western Canada      3) Traders are also looking for
that could disrupt planting.            increased U.S. soy acreage in 2018.

No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN