Canadian canola futures settled lower

Canadian canola futures settled lower on Thursday as the Canadian dollar rallied against the greenback, dimming export prospects, traders said. ICE canola November futures ended $3.80 per tonne lower at $418.50 and January was down $4.80 at $425.40.
Chicago Board of Trade November soybeans closed 3-1/4 US cents per bushel lower at US $9.34 and December soyoil closed up 0.15 US cent per pound at 34.48 US cents. "The stronger Canadian dollar pulled away any export interest," a trader said, adding that farmer selling of canola in cash markets was on the "light side." Traders said crushers were buyers, but of small volumes. The Canadian dollar rose to a 10-day high against the greenback amid a rise in the price of crude oil, a key Canadian export.