ICE Canadian canola futures fell on Monday for the third straight session, dragged down by demand concerns and weakness in soyoil, and registered its biggest monthly loss since July. Canola demand looks uncertain with key buyers Japan, China and Mexico amply supplied, a trader said, technical selling also seen weighing on prices.
Volume was thin, with many traders attending Canola Council of Canada convention this week. Nearby March canola shed $1 at $446 per tonne, lost 6.2 percent in February. Most-active May canola fell $3.10 at $449.70 per tonne.