ICE Canadian canola futures dropped on Thursday, as wetter weather on the Canadian Prairies eased concerns about dry soil. Scattered rainfall helped replenish moisture in some areas of Saskatchewan, but additional rain needed soon, the provincial government said. July canola lost $2 at $495 per tonne. Most-active November canola gave up $2.30 to $493.90 per tonne. The July-November spread traded 6,652 times.
Chicago July soybeans rose on planting concerns. Malaysian August palm oil plunged 2.4 percent and NYSE Liffe Paris August rapeseed eased. The Canadian dollar was trading at $1.2235, or 81.73 US cents, at 12:49 pm CDT (1749 GMT), little changed from the Bank of Canada's close on Wednesday.
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