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WINNIPEG: ICE Canadian canola futures dipped on Friday and halted a three-day winning streak, as investors took profits.
Canadian farmer deliveries are active, triggering commercial hedges that added further pressure, a trader said.
Most-active January canola lost $4.50 to $545.90 per tonne.
January-March canola spread traded 2,857 times.
US soyabean futures slipped but held near a four-year high as dry crop weather in top exporter Brazil and strong demand from leading importer China kept the market focused on the prospect of tightening supplies. Euronext February rapeseed futures and Malaysian January palm oil futures dipped.-Reuters