Canadian canola futures fall

03 Feb, 2016

ICE Canadian canola futures fell on Monday to a more than two-month low in the most-active March contract, pressured by technical selling. Stronger Canadian dollar and softer soy markets seen adding to weakness. Funds have started a net short position, an analyst said. March canola shed $4.30 at $471.10 per tonne. May canola gave up $4.30 at $480.70 per tonne. March-May canola spread traded 6,256 times. Chicago March soybeans dipped on worries about China's economy. Malaysian April palm oil dropped and NYSE Liffe Paris May rapeseed edged higher.

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