ICE Canadian canola futures dropped on Monday, pressured by a dip in soybean prices and milder weather ahead of planting season in Western Canada. Chicago Board of Trade soybeans slipped on profit-taking after the front-month contract rallied to a nine-month high on Thursday. ICE Futures Canada was closed on Friday for Good Friday holiday.
May canola lost $2.60 at $467.10 per tonne at 8:25 am CDT (1325 GMT). July gave up $3.60 to $475.70 per tonne. Chicago May soybeans shed 9-1/2 US cents at US $15.04-1/2 per bushel. Malaysian May palm oil was about flat. Canadian dollar was trading at $1.1026 versus the US dollar or 90.69 US cents, down from Thursday's close at $1.1013 to the greenback, or 90.80 US cents.
