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Howard Leaman                                                     Jly 19/18

     Canola traded on both sides of unchanged on Thursday, ending higher.
The market was supported by weakness in the Canadian dollar, concerns about
hot and dry conditions in parts of western Canada, and continued talk that
canola was oversold. The Canadian dollar lost about half of a cent to the
U.S. dollar on Thursday.
     The selling in canola was curbed by weakness in the soy complex and
palm oil and expectations that this year's Canadian canola crop will be
large despite the weather concerns. 

                                   Resistance     Support
               Nov Canola          498.30         484.20
               Jan Canola          503.10         488.40

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