ICE Canadian canola futures fell on Wednesday, pressured by weakness in soyabeans and a sinking stock market. Canola crush margins worsened and canola prices appear to have further downside, a trader said.
May canola shed $3.70 to $465.10 per tonne. May-July canola spread traded 2,972 times. US soyabean futures dropped on spillover pressure from lower equity markets. Euronext May rapeseed futures and Malaysian June palm oil futures slipped.