Canadian canola futures slide

ICE Canada canola futures slid on Tuesday for the third straight session, pressured by long liquidation and weaker soy markets. Demand has cooled in recent sessions, a trader said. March canola dipped $1 at $516.70 per tonne. Most-active May canola lost $2.40 to $522.60 per tonne. March-May canola spread traded 7,933 times. Chicago Board of Trade March soybeans dropped on expectations for a large South American crop. The NYSE Liffe May rapeseed and April Malaysian palm oil fell.