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Howard Leaman                                                     Oct 17/18

     Canola traded on both sides of unchanged again on Wednesday, ending 
higher. The market was supported by weakness in the Canadian dollar, talk
that Tuesday's selling was overdone, and a firmer tone in soybeans and
meal. The Canadian dollar lost about four-tenths of a cent against the U.S.
dollar on Wednesday.
     The buying in canola was curbed by improved weather in key North
American crop areas that is allowing the harvest to resume. There is still
some concern about how much damage was done by the recent wet and cold
weather, but the resumption of the harvest is leading to increased farmer
selling. 

                                   Resistance     Support
               Jan Canola          506.00         498.60
               Mch Canola          513.30         505.50

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