Howard Leaman Aug 22/19
MIXED TO HIGHER
Canola has traded on both sides of unchanged in overnight action, with the
bias turning to the upside. Palm oil, European rapeseed and the soy complex
are all higher this morning. The Canadian dollar is up slightly against the
BULL SIDE BEAR SIDE
1) Canola is threatening to break out 1) Trade tension between China on
of its consolidation pattern on the the one hand, and Canada and the
upside. U.S. on the other, continues to
2) There are still enough areas of weigh on the oilseed markets. The
concern to keep some weather premium Hong Kong situation is adding to
in the markets. The late development the concerns.
of this year's crops has raised 2) North American crop conditions
concerns about the potential for frost are generally favourable. Though
damage. there is some talk of the risk of
3) Canola could see spillover buying frost damage to late developing
from other vegetable oils today. canola, it is mainly just talk.
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