(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, May 26 (Reuters) - ICE Canada canola
futures fell on Thursday on profit-taking and commercial
hedging, after posting gains in seven of the previous eight
sessions.
* Canola's recent advances were overdone, and the market
"exhaled," a trader said.
* Crop conditions in Western Canada have improved with
Alberta rains and planting is well advanced.
* Saskatchewan farmers have completed 81 percent of overall
plantings, well ahead of the five-year average of 59 percent.
GRO/SAS Canadian wildfire has moved into Saskatchewan, but
farms not at risk.
* July canola RSN6 lost $9.20 to $515.60 per tonne.
* November canola RSX6 gave up $6.60 at $515.20 per tonne.
* July-November canola spread traded 3,304 times.
* Chicago July soybeans SN6 dropped on profit-taking.
* NYSE Liffe August rapeseed COMQ6 and August Malaysian
palm oil 1FCPOQ6 rose.
* The Canadian dollar CAD= was trading at $1.2985 to the
greenback, or 77.01 U.S. cents at 12:51 p.m. CDT (1751 GMT),
higher than Wednesday's close of $1.3022, or 76.79 U.S.