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Howard Leaman                                                     May 24/18

     Canola traded on both sides of unchanged again on Thursday, ending
higher. The market was supported by weakness in the Canadian dollar,
technical buying, and continued crop concerns. Though crop conditions in
western Canada have improved, there are still enough areas of concern to
keep some weather premium in the market. The Canadian dollar lost about a
third of a cent against the U.S. dollar on Thursday.
     The buying in canola was curbed by a soft tone in the soy complex. Soy
has shown some strength recently as talk circulates that trucker strikes in
South America will force China to cover more of its needs from U.S. soy.
That support subsided on Thursday as traders took profits ahead of the long
U.S. weekend. The U.S. markets will be closed on Monday for the Memorial
Day holiday.

                                   Resistance     Support
               Jly Canola          540.00         528.10
               Nov Canola          527.00         517.10

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