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Howard Leaman                                                     Apr 20/18

     Canola traded on both sides of unchanged again on Friday, ending mixed
to mainly lower. Only the May and November contracts ended higher.The 
weakness was attributed to talk that Thursday's rally was overdone, and 
spillover selling from soybeans, soy oil and European rapeseed. Palm oil 
was firmer on Friday, while soy meal was mixed to lower. In addition, there 
was talk that the looming CP Rail strike may restrict available supply of 
Canadian canola, it may also limit exports which would compound the heavy 
supply situation in the long run. 
     The selling in canola was curbed by weakness in the Canadian dollar, 
which plunged below $.79 U.S. down about half of a cent.

                                   Resistance     Support
               Jly Canola          539.50         523.00
               Nov Canola          524.20         510.00

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