Canadian canola futures fall

ICE Canadian canola futures eased on Friday, weighed down by a jump in the Canadian dollar and a US government report that pointed to huge grain and oilseed supplies. The US Department of Agriculture on Friday forecast bigger-than-expected domestic supplies of corn, soyabeans and wheat, with outlooks for big harvests and export concerns underpinning the bearish view. July canola lost 90 cents to $435.80 per tonne. July-November canola spread traded 1,764 times. Chicago July soyabeans dropped on ample US and global supplies.