Canadian canola futures fall

OTTAWA: ICE Canadian canola futures fell on Monday.

Canola took some cues from the rapeseed market, a trader said. There was also pressure from a stronger Canadian dollar.

November canola dropped $1.40 to $488.50 per tonne.

November-January canola spread traded 1,971 times.

Euronext November rapeseed futures fell, hitting its lowest nearby price since June 29.

Malaysian October palm oil futures fell.

The Canadian dollar edged higher against the US greenback, finding some support as oil prices rose and investors weighed executive orders from US President Donald Trump.

US soyabean futures rose on Monday as a spate of new crop soyabean export sales eased concerns about forecasts of huge harvests across the US Midwest.

A dispute between Canada and China has not spoiled China's appetite for canola as exporters find roundabout ways to reach the top oilseed buyer.