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Howard Leaman                                                     Feb 20/18

     Canola traded on both sides of unchanged again on Tuesday, ending
higher. The market was mainly stronger, supported by spillover buying from
the soy complex and European rapeseed, combined with weakness in the
Canadian dollar. The dollar lost almost half of a cent against the U.S.
dollar, as it moved to within striking distance of a move below $.79. The
oilseeds were supported by continued concern about dry conditions in
Argentine soy growing areas. The crop did receive some rain over the
weekend, but not as much as some had hoped. Canola saw additional support
from technical buying.

     The gains in canola were curbed by continued talk that world soy
stocks will be large this year despite the crop concerns in Argentina.
Brazil is generally having a good crop, and Argentina has large stocks from
previous years. Further, Canadian canola supply has been rebuilt, and
canola acreage is expected to expand this spring.

                                   Resistance     Support
               May Canola          526.30         505.20
               Jly Canola          529.60         509.70

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