ICE Canadian canola futures fell on Tuesday, settling back after a three-session rally as a firming Canadian dollar made canola less attractive on the world market, and allied US soybeans eased, traders said. Most-active May canola ended down $2.50 at $467.70 per tonne on volume of 10,045 contracts.
Spot March canola settled down $2.10 at $459.70 per tonne on volume of 428 contracts. Chicago Board of Trade May soybeans settled down 1-1/2 US cents at US $10.12-1/4 per bushel, and May soymeal fell 70 US cents at US$332.80 per ton. CBOT May soyoil rose 0.14 US cent, or 0.4 percent, to 32.97 US cents per lb. Malaysian May palm oil rose 0.2 percent while NYSE Liffe Paris May rapeseed fell 0.3 percent. The Canadian dollar was trading at $1.2486, or 80.09 US cents, at 2:34 pm CST (2034 GMT), up from Monday's finish at $1.2535, or 79.78 US cents.
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