Syngenta Farm

Effective Date: 7/30/2010
ICE Review:Canola Follows Soy-Complex Higher

Canola contracts were stronger on Friday, following the gains in the CBOT soy complex. November canola finished up $3.80 at $459.60. March gained $4.30 to close at $460.00 Canola was lacking any fresh fundamental news of its own and was largely up in sympathy with the gains in the Chicago soy complex on Friday. The rally in wheat was also providing spillover support, according to traders. The Canadian dollar was stronger on Friday, which was limiting the upside in canola. Technical resistance was also coming forward at the session highs, with the C$460 per metric ton level in the November contract providing some solid chart resistance. A reminder that Canadian markets will be closed Monday, August 2, for the August long weekend, while the US markets will remain open. Western barley futures were untraded and unchanged on Friday. Both the October and December Western Barley contracts are 159.10,

	Source : DePutter Publishing Ltd.
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