ICE Canadian canola futures slid on Monday on spillover pressure from weaker soybean prices, but traders kept a close eye on cooler weather expected this week. Forecasts for frost mid-week in Western Canadian growing areas underpinned canola, with much of the crop still immature in eastern Saskatchewan and western Manitoba.
November canola lost $1.30 to $420.70 per tonne at 8:20 am CDT (1320 GMT). Chicago Board of Trade November soybeans dipped 7-1/4 US cents at US $10.14-1/4 per bushel. Malaysian October palm oil added 0.6 percent. NYSE Liffe Paris November rapeseed eased 0.4 percent. Canadian dollar was trading at $1.0900 or 91.74 US cents, down from Friday's close at $1.0881 to the greenback, or 91.90 US cents.