ICE Canadian canola futures fell on Tuesday to a nearly two-week low, pressured by weakness in soy prices ahead of a robust US soybean harvest. With soybeans declining, canola was overpriced compared to its rival oilseed, a trader said. November canola lost $2.60 at $456.50 per tonne, touched $455.20, the lowest price for a most-active contract since August 31. January canola gave up $2.80 at $462.50. November-January canola spread traded 1,723 times.
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