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                                                     Oct 23/18

MIXED TO LOWER

Canola has traded on both sides of unchanged in overnight action, with
traders reluctant to push prices too far in either direction. Palm oil,
European rapeseed and the soy complex are all lower this morning. The
Canadian dollar is virtually unchanged against the U.S. dollar. 

BULL SIDE                               BEAR SIDE
1) There continues to be some debate    1) The harvest in western Canada is
about the size and the quality of this  resuming, and farmers are quick to 
year's Canadian canola. This fall's     deliver canola rather than store it
wet and cold weather has almost         on their farm. 
certainly damaged the crop.             2) South American crop weather is
2) Though harvesting weather in         generally favourable, and many     
western Canada has improved, cold       traders are looking for large soy
temperatures have slowed drying, and    production this year.
rain is expected to return later this   3) Canola could see spillover     
week in some areas.                     selling from other markets today.

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