Canadian canola futures fall

ICE Canadian canola futures slipped on Thursday, pressured by soyoil weakness, commercial hedges and a stronger Canadian dollar. Canola's losses were limited by short-covering, a trader said. Most-active January canola lost $1.80 to $517.40 per tonne. January-March canola spread traded 3,482 times. Chicago January soybeans dipped on lagging export sales and Brazil rains that were favourable to crop development.
NYSE MATIF February rapeseed and Malaysian January palm oil edged higher.
The Canadian dollar was trading at $1.2743 to the US dollar, or 78.47 US cents at 1:17 pm CST (1917 GMT).