ICE Canada canola futures fell on Monday, pressured by strength in the Canadian dollar and technical selling ahead of key US government crop reports, traders said. Trade cautious ahead of USDA's US plantings and quarterly stocks reports, scheduled for release at 11 am CDT (1600 GMT) Market expects USDA to project record-high US soybean plantings for 2014, and the tightest March 1 soy stocks in 10 years.
May canola was down $1.50 at $452.00 per tonne at 9:00 am CDT (1400 GMT). July canola down 50 cents at $462.60 per tonne. Chicago Board of Trade May soybeans were up 2-3/4 US cents at US $14.39-1/4 per bushel. NYSE Liffe Paris May rapeseed was down 0.55 percent, falling 2.25 euros at 410 euros per tonne. Malaysian June palm oil was down 0.79 percent. The Canadian dollar firmed on data that showed the country's economy rebounded at a faster-than-expected pace in January. The Canadian unit was at $1.1021 to the greenback, or 90.74 US cents, compared with Friday's close of $1.1060, or 90.42 US cents.
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