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Howard Leaman                                                     Jun 19/18

     Canola was mainly on the defensive on Tuesday, ending lower. The
weakness was attributed to spillover selling from the soy complex as trade
tension between the U.S. and China continues to weigh on prices. Palm oil
and European rapeseed were also lower on Tuesday. Reports of generally
favourable U.S. crop conditions added to the weakness. 
     The selling in canola was curbed by weakness in the Canadian dollar
and concerns about hot and dry conditions in parts of western Canada. The
Canadian dollar fell to its lowest level against the U.S. dollar in over a
year on Tuesday, down almost half of a cent.

                                   Resistance     Support
               Nov Canola          513.60         498.40
               Jan Canola          520.00         504.50

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