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Howard Leaman                                                     Jan 24/20

     Canola spent most of the day in negative territory again on Friday,
ending lower. The weakness was attributed to spillover selling from the soy
complex, palm oil and European rapeseed. Technical selling extended the
losses and the canola price chart looks decisively bearish. 
     The selling in canola was curbed by weakness in the Canadian dollar.
The dollar did manage to stay above $0.76 U.S., but it was down about a
tenth of a cent against the U.S. dollar. 

                                   Resistance     Support
              Mch Canola           483.10         462.50
              May Canola           491.60         470.40

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