Canadian canola futures hold steady

ICE Canadian canola futures finished steady on Tuesday, as limited farmer selling pressure on the market and soft demand from buyers left the market little changed. Canola seen likely to drift sideways ahead of Friday's US Department of Agriculture reports, a trader said.
Most-active March canola ended unchanged at $496.40 per tonne. May canola added 40 cents to $504.30 per tonne. ICE Futures Canada said there were no deliveries of the January contract on Tuesday. March-May canola spread traded 4,897 times. Chicago March soybean futures dipped on big global supplies. NYSE MATIF February rapeseed edged higher and Malaysian March crude palm oil slipped. The Canadian dollar was trading at 1.2541 to the US dollar, or 80.31 US cents, at 1:43 pm CST (1943 GMT).