Canadian canola futures ease

ICE Canadian canola futures eased on Tuesday, with little firm direction, as traders focused on advancing positions to the next contract month.

Funds were covering March short positions and moving them to the May contract which now has the largest open interest, a trader said.

March canola lost 40 cents to $459.40 per tonne.

March-May canola spread traded 6,355 times.

US soyabean futures ended little changed after the federal US government said US supplies would fall as Chinese purchases rise.

Euronext May rapeseed futures and Malaysian April palm oil futures dipped.

Canadian National Railway Co said on Tuesday it would be forced to shut down parts of its rail network unless rail line blockades in protest against a natural gas pipeline in British Columbia are removed.

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