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Howard Leaman                                                     Apr 18/19

     Canola traded on both sides of unchanged on Thursday, ending lower.
The market got off to a firm start due to weakness in the Canadian dollar,
spillover buying from the soy complex, European rapeseed and palm oil, and
talk that next Wednesday's Stats Can planting intentions report will show
reduced Canadian canola acreage from last year's level. The Canadian dollar
lost about a quarter of a cent against the U.S. dollar.
     The buying in canola subsided, however, and technical selling dropped
prices to the minus side. Continued concern about a lack of Chinese buying
of Canadian canola remains as the major factor overhanging the market. 

                                   Resistance     Support
               Jly Canola          466.90         456.00
               Nov Canola          477.50         467.70

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