Howard Leaman Sep 18/19
Canola traded on both sides of unchanged on Wednesday, ending mixed.
The nearby contracts settled lower, while deferred positions ended higher.
The market was supported by weakness in the Canadian dollar, and spillover
buying from palm and soy oils. The Canadian dollar lost about a fifth of a
cent against the U.S. dollar on Wednesday. Though the harvest is
progressing in western Canada, traders are apparently keeping some weather
premium in the market due to the late development of the crop this year.
The buying in canola was curbed by weakness in European rapeseed,
soybeans and meal and by technical selling near resistance on the canola
Nov Canola 456.00 437.20
Jan Canola 464.50 444.90
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