ICE Canadian canola futures fell from a one-month high on Thursday amid technical selling and as some traders locked in profits from earlier long positions, traders said. November canola settled $2.00 lower at $508.70 per tonne, declining after earlier failing to surpass Wednesday's peak of $512.90.
The November-January canola spread traded 767 times. Chicago November soyabeans declined on positioning ahead of a monthly US Department of Agriculture monthly crop report due on Friday. November Paris Matif rapeseed futures and Malaysian October crude palm oil each were lower. The Canadian dollar was trading at $1.3033 to the US dollar, or 76.70 US cents at 2:41 p.m. CDT (1941 GMT).