CHICAGO: ICE Canada canola futures fell to their lowest level in more than a week on Monday on follow-through technical selling and long liquidation after Friday's 1.8 percent drop, traders said.
January canola settled down $5.70 at $483.20 per tonne after dipping to $482.90, its lowest level since Nov. 8, on volume of 9,880 contracts.
January contract fell below 30- and 50-day moving averages on Friday.
March canola ended down $5 at $492.40 on volume of 4,968 contracts.
At the Chicago Board of Trade, January soybeans rose 7 U.S. cents to end at US$12.87-1/2 per bushel, lifted by bargain buying after Friday's selloff and strong export demand for U.S. soybeans.
CBOT December soyoil ended down 0.36 U.S. cent at 40.11 U.S. cents per lb after the U.S. Environmental Protection Agency on Friday proposed lowering the levels of renewable fuels to be blended into gasoline and diesel in 2014.
NYSE Liffe Paris February rapeseed settled at 377.5 euros per ton, down 1 euro.
January Malaysian palm oil fell 0.73 percent as traders booked profits after strong gains last week, but the prospect of seasonally weaker output in the world's top producers, Indonesia and Malaysia, buoyed prices.
Canadian dollar was trading at $1.0428 versus the U.S. dollar, or 95.89 U.S. cents, as of 3:44 p.m. CST (2144 GMT), compared with Friday's close of $1.0447, or 95.72 U.S. cents.
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