ICE Canadian canola futures slipped on Tuesday, tumbling with palm oil and soyaoil, rival products used to make vegetable oil. Unharvested crops in Western Canada have not added much price support because of ample carry-over supplies from the previous harvest, a trader said. Most-active January canola lost $1.20 to $462.10 per tonne.
January-March canola spread traded 2,122 times.
Chicago soyabean futures were little changed, after hitting their lowest in over a month awaiting an update on a slow-moving harvest.
Euronext February rapeseed futures slipped.
The Canadian dollar edged higher against its US counterpart, recovering from an earlier one-month low, as oil prices rose.
Germany's winter rapeseed planted area for the 2020 harvest will be increased slightly on this year's small crop to around 873,000 million hectares, German oilseeds industry association UFOP estimated.
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