Canadian canola futures fall

ICE Canadian canola futures dipped on Wednesday on commercial selling to hedge new purchases from farmers. The hedge pressure wiped out spillover strength for canola from crude oil and equity markets, a trader said.
May canola lost $1.90 to $465.60 per tonne.
May-July canola spread traded 4,617 times. US wheat futures climbed on global bread demand, but soybeans declined. Euronext May rapeseed futures and Malaysian June palm oil futures gained ground.