ICE Canadian canola futures fell on Monday, caught up in broad sell-off in global vegetable oil markets, traders said.

Technical selling also weighed on canola, with the May contract facing resistance at its 50-day moving average.

May canola settled $3.80 lower at $459.80 per tonne.

May-July canola spread traded 4,940 times.

US soyabean futures fell 1.1% on Monday as livestock processing plant closures that impact feed supply weighed on soyameal prices.

The Canadian dollar hit a four-week high against its US counterpart on Monday, adding further pressure to canola futures.

Euronext May rapeseed futures edged higher on Monday and Malaysian June palm oil futures fell 2.8%.