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Howard Leaman                                                     Mar 27/20

     Canola traded on both sides of unchanged on Friday, ending higher. The
market was supported by spillover buying from crude oil, soy oil and
European rapeseed. Talk of a potential slowdown in farmer deliveries of
canola in western Canada due to spring road bans added to the buying in
canola.
     The gains in canola were curbed by weakness in soybeans, soy meal,
crude oil and many financial markets. The Canadian dollar also showed some
strength on Friday. It dropped when the Bank of Canada cut interest rates
to only 0.25%, but recovered later to gain about a tenth of a cent against
the U.S. dollar near the close of trade in canola. 

                                   Resistance     Support
              May Canola           469.80         460.00
              July Canola          478.40         452.20

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