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Howard Leaman                                                     Aug 22/17

     Canola - Canola traded on both sides of unchanged again on Tuesday,
ending higher. The market was supported by continuing concerns about tight
Canadian canola supply, and spillover buying from palm oil, European 
rapeseed, soybeans and soy oil. Soy meal was weaker on Tuesday. The buying
in canola built on itself as the price charts took on a more bullish 
appearance. 

     The buying in canola was curbed by strength in the Canadian dollar at
times, though the dollar was virtually unchanged against the U.S. dollar by
the end of trading in canola. Traders appeared to be somewhat reluctant to
chase canola prices too high ahead of the August 31st Stats Can production 
report.

                                   Resistance     Support
               Nov Canola          518.80         502.60
               Jan Canola          523.80         507.50

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