WINNIPEG, (Manitoba) ICE canola futures dipped on Monday, sliding with other grains and oilseeds under pressure from the North American harvest adding to supply. Soyoil's decline weighed on canola, which is prone to selling by funds without spillover support from other oilseeds, said analyst Wayne Palmer. November canola lost $12.60 to $861.10 per tonne. November-January canola spread traded 2,167 times.
US corn and soybean futures retreated as harvesting accelerated across the Midwest and sinking energy and stock prices weighed on market sentiment. Euronext November rapeseed futures and Malaysian November palm oil futures dipped.