(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Aug 14 (Reuters) - ICE Canada canola
dropped on Friday, pressured by technical selling and soybean
weakness, and recorded a weekly loss.
* Funds sold canola with the November contract trading below
its 50-day moving average, a trader said.
* Crop concerns underpin the market. Trade expects
Statistics Canada next Friday to estimate canola harvest of 13.6
million tonnes, down 13 percent from last year. ID:nL1N10H2O4
* November canola RSX5 lost $5.40 to $486.50 per tonne.
Gave up 3.9 percent for the week.
* January canola RSF6 shed $5.60 to $485.20 per tonne.
* November-January spread traded 2,684 times.
* Chicago November soybeans SX5 fell on improving U.S.
weather and crop prospects. ID:nC3N0Y402P
* Malaysian October palm oil 1FCPOV5 rose and NYSE Liffe
Paris November rapeseed COMX5 fell.
* The Canadian dollar CAD= was trading at $1.3069, or
76.52 U.S. cents at 1:12 p.m. CDT (1812 GMT), little changed
from the Bank of Canada's official close on Thursday of $1.3064,
or 76.55 U.S. cents.
* Canada weekly canola crushings lag year-ago pace.
OILS/CA
* ICE Futures Canada on Thursday raised canola margins.
ID:nL3N10O5YS