Elevator Address

2518 Lockhead Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com

Mailing Address

6830 4th Line Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com


 
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Howard Leaman                                                     Feb 20/19

MIXED TO LOWER

Canola has traded on both sides of unchanged in overnight action, with the
bias turning to the downside. Palm oil, European rapeseed, soybeans and soy
meal are lower this morning, but soy oil is showing some bounce. The
Canadian dollar is up about a fifth of a cent against the U.S. dollar.

BULL SIDE                               BEAR SIDE
1) There is talk that canola is         1) The Canadian dollar is up about 
oversold and due for a bounce.          a fifth of a cent against the U.S.
2) The Australian canola crop is        dollar this morning. 
estimated at 2.18 million tonnes this   2) South American soy crop 
year, down from 3.67 million produced   conditions are improving. 
last year. That announcement was not    3) Warmer weather in western Canada
surprising, but it is still             is expected to lead to increased
supportive.                             canola deliveries.

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