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Howard Leaman                                                     Mch 19/19

     Canola was mainly on the defensive on Tuesday, ending lower. The
weakness was attributed to strength in the Canadian dollar and spillover
selling from soy oil. The Canadian dollar gained almost half of a cent on
the U.S. dollar at one point on Tuesday, dropping back for "only" a fifteen
one-hundreds of a cent gain near the close of trade in canola.
     The selling in canola was curbed by strength in palm oil, European
rapeseed and soy meal. Soybeans were mixed on Tuesday. In addition, there
was talk that the rally in the Canadian dollar will not last long. On
Monday, traders were projecting a drop below $.62 U.S. later this year.

                                   Resistance     Support
               May Canola          466.80         454.00
               Jly Canola          454.00         462.40

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