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Howard Leaman                                                     Dec 12/18

     Canola traded on both sides of unchanged on Wednesday, ending mixed.
The market was supported by spillover buying from soy, and talk that canola
is now more reasonably priced relative to soy. Traders are hoping demand
for canola will pick up as it becomes more competitive. 
     The buying in canola was curbed by strength in the Canadian dollar as
it gained about a fifth of a cent against the U.S. dollar. Canola traders
appear to be reluctant to push prices too far in either direction, with the
market holding to a narrow trading range. 

                                   Resistance     Support
               Mch Canola          496.30         490.10
               May Canola          504.00         497.20

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