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CORRECTED-ICE Canada canola futures dip on soy weakness

Published 2018-07-03, 04:31 p/m
CORRECTED-ICE Canada canola futures dip on soy weakness
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(Corrects to delete erroneous line about July-November spread trading volumes)

WINNIPEG, Manitoba, July 3 (Reuters) - ICE Canada canola futures dipped on Tuesday for a fourth straight day, pressured by weakness in U.S. 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 RSX8 lost $2.50 at $506.90 per tonne.

* ICE reported 1,603 deliveries of the July canola RSN8 contract, which expires on July 13.

* Chicago Board of Trade August soybeans SQ8 fell on concerns about a trade fight between the United States and China. August Paris Matif rapeseed futures /COMQ8 edged higher and Malaysian September crude palm oil 1FCPOU8 slipped.

* The Canadian dollar CAD= was trading at $1.3142 to the U.S. dollar, or 76.09 U.S. cents, at 1:30 p.m. CDT (1830 GMT).

* Canola will trade on Wednesday while U.S. markets are closed for a holiday.

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