ICE Canadian canola futures dipped on Thursday, halting a three-day winning streak, as investors adjusted positions ahead of a US government crop report on Friday. Favorable crop conditions in Western Canada and hot temperatures that are expected to help dry wet areas in Manitoba this week also weighed on the market, an analyst said.
Excellent crop growth seen in Saskatchewan. July canola dropped $1.50 to $522.50 per tonne. * November canola shed $3 to $526.10 per tonne. July-November canola spread traded 3,376 times. Chicago July soybeans dipped ahead of the US report. NYSE Liffe August rapeseed and August Malaysian palm oil eased.