Howard Leaman Jan 19/18
Canola traded on both sides of unchanged again on Friday, ending
higher. The strength was attributed to weakness in the Canadian dollar,
spillover buying from the soy complex and European rapeseed, reports of
only limited farmer deliveries of canola, and growing concerns about dry
conditions in western Canada. The Canadian dollar broke down from the
sideways trading range seen for most of this week, dropping about four
tenths of a cent against the U.S. dollar.
The buying in canola was curbed by technical selling as talk
circulated that the bounce is not apt to go far. There was also talk that
canola is becoming expensive relative to soy.
Mch Canola 500.40 487.00
May Canola 507.40 494.20
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