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CHICAGO: ICE canola futures fell for the fourth straight day on Monday, pressured by plummeting soyoil prices and rains that improved crop prospects in key growing regions.
Most-active November canola lost $17 to $744.30 per tonne.
The November contract bottomed out at a two-week low of $715.10 and fell through key technical support points at its 20-day and 30-day moving averages.
Chicago Board of Trade July soybean futures dropped 36-1/4 US cents to US$14.72-1/4 a bushel. Soyoil was down 1.52 percent.
November-January canola spread traded 1,699 times.
Euronext August rapeseed futures and Malaysian August palm oil futures were both down on Monday.
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