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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