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Howard Leaman                                                     Apr 25/18

     Canola traded on both sides of unchanged on Wednesday, ending lower. 
The weakness was attributed to evening up ahead of Friday's Stats Can 
planting intentions report, and spillover selling from soy oil. The acreage
report is expected to show record large Canadian canola acreage for 2018.
In addition, there is also concern that recent strength in canola relative
to other vegetable oils is pricing canola out of the world market.
     The selling in canola was curbed by spillover buying from palm oil, 
European rapeseed, soybeans and soy meal, combined with weakness in the 
Canadian dollar. The dollar lost about a fifth of a cent against the U.S.
dollar on Wednesday. Further, spring road bans in western Canada are 
restricting farmer selling.

                                   Resistance     Support
               Jly Canola          539.50         530.10
               Nov Canola          521.90         515.70

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