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Howard Leaman                                                     Mch 23/18

     Canola traded on both sides of unchanged again on Friday, ending
higher. The market got off to a soft start due to spillover selling from
palm oil, European rapeseed, soybeans and soy oil, and from strength in the
Canadian dollar. Soy meal were firmer. The Canadian dollar rallied about
seven tenths of a cent against the U.S. dollar on Friday. Soy led the way
to lower levels as traders fear trade tension between the U.S. and China
could curtail Chinese demand for U.S. soy. On the other hand, decreased
demand for U.S. soy could lead to increased demand for other vegetable

     The selling in canola was curbed by technical buying as chart support
more or less held. Though Canadian canola acreage is expected to increase
this year, it is still too early assume a large crop will be produced.

                                   Resistance     Support
               May Canola          524.70         516.70
               Jly Canola          530.30         521.70

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