Mid Miss Group
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Howard Leaman                                                     Jun 24/19

     Canola has traded on both sides of unchanged on Monday, ending lower.
Trading was choppy as traders positioned themselves ahead of Wednesday's
Stats Can acreage report, and Friday's USDA acreage and stocks reports.
Reports of rain in dry areas of western Canada over the weekend, with
forecasts calling for more rain, and strength in the Canadian dollar
weighed on canola. The Canadian dollar gained about a fifth of a cent
against the U.S. dollar on Monday.
     The selling in canola was curbed by spillover buying from soybeans and
soy meal, and continued concern that wet conditions in key U.S. soy growing
areas will curb U.S. soy production this year.  

                                   Resistance     Support
               Nov Canola          477.70         463.60
               Jan Canola          484.00         470.70

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