Howard Leaman Dec 10/19
Canola has traded above Monday's closing levels from the start of last
night's session. Palm oil, European rapeseed, soy oil and soy meal are all
lower, while soybeans are mixed. The Canadian dollar is steady against the
BULL SIDE BEAR SIDE
1) The Canadian dollar is holding last 1) South American crop conditions
Friday's sharp loss against the U.S. are generally favourable. Record
dollar. soy output is a possibility.
2) Though the South American soy crop 2) Other vegetable oil markets are
is generally enjoying favourable seeing profit taking today that
conditions, there is some concern could cause spillover selling to
about dry conditions in Argentina. canola.
3) Canola is competitively priced 3) Trade tension with China
relative to other vegetable oils. continues to overhang canola.
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