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Howard Leaman                                                     Dec 13/18

     Canola was mainly on the defensive on Thursday, ending lower. The
weakness was attributed to spillover selling from the soy complex as
traders on both sides of the border reacted to an announcement that China
had "finally" bought U.S. soy, but that the quantity was disappointing.
Technical selling added to the soft tone in canola as support levels on the
price charts were penetrated.
     The selling in canola was curbed by lingering optimism that China will
still buy more U.S. soy. Canola was also supported by recent talk that it
is more price competitive with other oils than it had been earlier in the
year. European rapeseed was mixed on Thursday, while the Canadian dollar
stayed close to unchanged, which gave little direction to canola.

                                   Resistance     Support
               Mch Canola          496.30         485.20
               May Canola          504.00         492.50

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