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ICE Canadian canola futures dipped on Thursday due to strength in the Canadian dollar and lower soyabean prices.
Canola looked to be modestly weaker over the short term but was underpinned by active crusher buying, a trader said.
May canola lost $2.80 to $462.80 per tonne.
May-July canola spread traded 2,753 times.
US wheat futures fell on Thursday, retreating from a two-month high set the previous session, as traders booked profits and awaited developments in the coronavirus crisis.
Euronext May rapeseed futures rose and Malaysian June palm oil futures fell.
The Canadian dollar strengthened to a nine-day high against its U.S counterpart as data showing a surge in American unemployment benefits weighed on the greenback.