WINNIPEG: ICE canola futures fell on Wednesday to fresh contract lows, pressured by a lack of progress in resolving a trade dispute with China and weakness in soy markets.
* Technical selling added further pressure to canola, a trader said.
* The Canadian government, as expected, on Wednesday offered more financial assistance to canola farmers who have been hit by a Chinese ban on imports and said it was looking to diversify into other markets.
* July canola lost $4.80 to $436.40 per tonne.
* July-November canola spread traded 5,425 times.
* Chicago July soybeans dipped to fresh lows on US export worries and big supplies.
* The Canadian dollar edged lower against its US counterpart, as oil prices fell and as investors awaited an interest rate decision from the US Federal Reserve.
* Canola allocations are complete for May 2019 delivery, ICE said in a notice.
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