Canadian canola futures down

ICE Canadian canola futures ended lower on Wednesday with Chicago soy, corn and wheat, which are weighed down by big global supplies, traders said. Inter-month spreading by commercials accounts for 60 percent of volume. March-May spread traded 3,969 times between $4.70 and $6.30, premium May.
Modest commercial hedge pressure seen with support from routine exporter buying. March ends down $3.20 to $377 per tonne. Volume 10,349 contracts. May down $2.60 at $382.90. Volume 5,383. Negative tone seen for Thursday. CBOT March soybeans end down 17-1/2 US cents at US $9.08 per bushel, falling after trade reports Informa Economics increased its forecast for South American soy production. The Canadian dollar trading at $1.0616 against the US currency or 94.20 US cents at 1:29 pm CST (1929 GMT), down from Tuesday's close at $1.0581, or 94.51 US cents. Light crude oil futures down 32 US cents at US $76.91 per barrel.