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Howard Leaman                                                     Jan 18/19

     Canola traded on both sides of unchanged again on Friday, ending
higher. The market was supported by spillover buying from the soy complex,
palm oil and European rapeseed. Traders continue to be concerned about
reports of hot and dry weather in key Brazilian soy crop areas and excess
moisture in parts of Argentina.
     The buying in canola was curbed by talk of soft demand for Canadian
canola. The concerns about soft demand have increased recently due to the
political tension between Canada and China. The Canadian dollar held close
to unchanged against the U.S. dollar on Friday and had little influence on
canola. 

                                   Resistance     Support
               Mch Canola          486.50         475.00
               May Canola          494.90         483.30

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