ICE Canadian canola fell for a third straight session on Thursday, bucking support from a rally in US soyabeans and a plunging Canadian dollar, which tends to makes Canadian goods more attractive on the export market, traders said. Commercials were scale-down buyers, traders said. January canola settled $2 lower at $471.00 per tonne on volume of 6,266 contracts.
Most-active March canola fell $1.50 to settle at $480.60 per tonne on volume of 15,309 contracts. Chicago Board of Trade soyabean futures closed higher, rallying from early declines as drier forecasts for Brazil's soya belt triggered a round of short-covering in soyabeans and soyameal. But CBOT soyaoil closed lower for a fifth straight session. Malaysian February palm oil fell 0.52 percent while NYSE Liffe Paris February rapeseed ended flat.