Mid Miss Group
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Howard Leaman                                                     Sep 20/19

     Canola traded on both sides of unchanged again on Friday, ending 
lower. The weakness was attributed to spillover selling from soy, reports
of poor export demand for Canadian canola, and continued expectations of
harvest pressure. The Canadian harvest has been late this year and hedge
selling has not been excessive, but traders anticipate that it will
increase soon. Traders had expected soy prices would be stronger than they
were on Friday due to reports of progress in Chinese/U.S. trade talks, but
apparently traders have heard that talk too often to take it seriously. 
     The selling in canola was curbed by a reluctancy to sell too
aggressively ahead of the weekend. 

                                   Resistance     Support
               Nov Canola          456.00         437.20
               Jan Canola          464.50         444.90

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