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Howard Leaman                                                     Jan 22/19

     Canola was mainly stronger on Tuesday, ending higher. Much of the
strength was attributed to technical buying as the market continues its
bounce from last Tuesday's low. Strength in palm oil and European rapeseed
and weakness in the Canadian dollar added to the buying. The Canadian
dollar lost about a quarter of a cent against the U.S. dollar. Concern
about hot and dry weather in parts of Brazil and excess moisture in
Argentina continue to provide underlying support to the oilseeds.
     The buying in canola was curbed by spillover selling from the soy
complex. Concern about China's and the U.S.'s economy led to some selling,
but some traders argued the weakness in soy was due mainly to a lack of
news.

                                   Resistance     Support
               Mch Canola          490.10         481.60
               May Canola          494.90         490.20

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