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Howard Leaman                                                     Nov 15/18

     Canola was mixed on Thursday, ending that way with the nearby 
contracts stronger, but new crop positions starting with the November 
contract lower. Increased optimism that the U.S. and China are moving 
towards reduced trade tension supported soy prices on Thursday and the
buying spilled over to canola. European rapeseed was also stronger on 
Thursday.
     The buying in canola was curbed by strength in the Canadian dollar and
weakness in palm oil. The Canadian dollar gained about a third of a cent
against the U.S. dollar.
                                   Resistance     Support
               Jan Canola          483.60         475.00
               Mch Canola          491.20         482.40

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