ICE Canadian canola futures dipped on Wednesday, pressured by weaker soyaoil prices and an increase in commercial hedges. March canola lost $1.60 at $498.20 per tonne. May canola gave up $1.10 to $504.40 per tonne. March-May canola spread traded 4,348 times. Chicago March soyabeans closed lower as traders squared positions ahead of Thursday's US Department of Agriculture report.
NYSE MATIF May rapeseed and April Malaysian palm oil rose. The Canadian dollar was trading at $1.2566 to the US dollar, or 79.58 US cents at 1:51 pm CST (1951 GMT).