WINNIPEG: ICE Canada canola futures dipped on Tuesday for a fourth straight day, pressured by weakness in US soy prices and the prospect of big North American oilseed crops.
* Conditions in parts of Western Canada are dry, but canola plantings are large overall and some areas are showing robust growth, a trader said.
* Most-active November canola lost $2.50 at $506.90 per tonne.
* ICE reported 1,603 deliveries of the July canola contract, which expires on July 13.
* The July-November canola spread traded 5,453 times.
* Chicago Board of Trade August soybeans fell on concerns about a trade fight between the United States and China.
* August Paris Matif rapeseed futures edged higher and Malaysian September crude palm oil slipped.
* The Canadian dollar was trading at $1.3142 to the US dollar, or 76.09 US cents, at 1:30 p.m. CDT (1830 GMT).
* Canola will trade on Wednesday while US markets are closed for a holiday.
Source: Brecorder
