Canadian canola futures fall

ICE Canadian canola futures fell on Wednesday on fund-driven long liquidation, traders said. Declines in allied US soybean and soyoil futures added to bearish sentiment. January canola settled down $4.20 at $501.10 per tonne. Most-active March canola fell $4.70 to close at $508.70 per tonne, after dipping to $507.20, its lowest level since October 18. Chicago March soybeans sagged on technical selling and easing concerns about crop weather in Argentina and Brazil.
NYSE Liffe February rapeseed fell 0.5 percent while Malaysian March crude palm oil rose 0.1 percent. The Canadian dollar ended at $1.3556 to the US dollar, or 73.77 US cents, firmer than Tuesday's close of $1.3577 or 73.65, according to Thomson Reuters data.