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Howard Leaman                                                     Dec 15/17

     Canola did trade on both sides of unchanged again on Friday, ended
mixed with the nearby contracts higher and new crop positions starting with
the November 2018 contract lower. The market tried to bounce higher in
response to talk that the recent selling had been overdone. A firmer tone
in palm oil, early strength in the soy complex, and weakness in the
Canadian dollar added to the buying in canola. The Canadian dollar fell
back below $.78 U.S. on Friday down almost half of a cent.

     The buying in canola subsided, however, as the soy complex fell to
negative territory. European rapeseed ended mixed on Friday. A lack of
aggressive exporter buying of canola and fear that the bounce in canola
would uncovered renewed selling also weighed on prices. 

                                   Resistance     Support
               Mch Canola          520.00         500.90
               May Canola          526.30         504.90

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