ICE Canadian May canola futures climbed on Tuesday for a third consecutive session in technical moves but pared gains on hedge-related selling, traders said. May canola rose 20 cents to settle at $522.90 per tonne while July fell 20 cents at $527.60 and November fell $1.30 at $514.30 a tonne.
Chicago May soyabeans ended lower as traders squared positions ahead of key US plantings and quarterly stocks reports due from the US Department of Agriculture on Thursday. CBOT soyaoil rose, gaining against soyameal on oil/meal spreads. NYSE MATIF May rapeseed and Malaysian May crude palm oil firmed.
The Canadian dollar weakened against its US counterpart as oil and equity prices fell and the greenback broadly rose. The Canadian dollar was trading at $1.288 to the US dollar, or 77.59 US cents at 3:32 pm CDT (2032 GMT).