Canadian canola futures fall

OTTAWA: ICE Canadian canola futures fell on Monday.

There is a lack of farmer selling, a trader said, adding the funds have got a huge position on them.

July canola lost $1.10 to $464.90 per tonne.

New-crop November canola lost $1.80 to $470.30 per tonne.

Trading volume was roughly equal between the July and November contracts.

July-November canola spread traded 4,621 times.

The Canadian dollar strengthened to a three-month high against the greenback on Monday as hopes of a quick economic rebound from the coronavirus offset lower oil prices.