WINNIPEG, (Manitoba): ICE canola futures fell on Monday, dragged lower by spill-over weakness from rivals soyaoil and rapeseed.

January canola lost $11.50 to $1,027.40 per tonne.

Trade expects, on average, Statistics Canada on Friday to peg Canadian canola production at 12.8 million tonnes, unchanged from its previous estimate in October.

January-March canola spread traded 4,033 times.

US soyabean futures sank on good weekend rains in key soya areas of South America and on spill-over pressure from tumbling wheat futures.

Euronext February rapeseed futures fell, while Malaysian February palm oil futures edged higher.