ICE Canadian canola futures fell on Tuesday as a stronger US dollar pulled down crude oil and soya prices, putting pressure onto canola, traders said. Underpinning support from planting delays in Western Canada due to flooding, but Environment Canada forecasting mostly dry conditions this week.
Crude oil posted its biggest percentage loss in two weeks as the US dollar strengthened, dragging down soya futures and canola. Total canola volume of 11,052 contracts was higher than Monday's activity, but second-lightest in nearly one month. Most-active July settled down $5.30 to $563.70 on volume of 6,551 contracts.