Canadian canola futures fall

ICE Canadian canola futures dropped on Wednesday, pressured by forecasts for rain in Western Canada and a drop in US soyabean prices. July canola lost $5 to $455.50 per tonne. Most-active November canola gave up $6.70 to $469.30 per tonne. July-November canola spread traded 5,958 times.
Warmer temperatures have boosted crop growth in the Canadian province of Manitoba, but flea beetles and cutworms have damaged crops, the government said.
Chicago July soyabeans fell on technical selling and profit-taking.
Paris Matif August rapeseed futures dipped and Malaysian September palm oil futures rose.