ICE Canadian canola futures dipped on Friday, retracing gains from earlier this week ahead of a US Department of Agriculture report that was expected to boost its US soybean production estimate. The USDA report, due at 11 am CDT (1600 GMT), will also estimate US and world ending stocks.
Environment Canada weekend forecast for Manitoba and Saskatchewan, where the harvest is delayed, looks mostly dry with a chance of showers. ICE Futures Canada will be closed on Monday for Canadian Thanksgiving November canola shed $4.10 to $400.50 per tonne at 8:32 am CDT (1332 GMT). The contract was headed toward a weekly loss. Chicago Board of Trade November soybeans dropped 10 US cents at US $9.32 per bushel. Malaysian November palm oil eased 0.5 percent. NYSE Liffe Paris November rapeseed dropped 1.2 percent. Canadian dollar was trading at $1.1192 or 89.35 US cents, down from Thursday's close at $1.1173 to the greenback, or 89.50 US cents.