WINNIPEG, Manitoba, July 9 (Reuters) - ICE Canada canola futures dipped on Monday, weighed down by U.S. soybeans that were pressured by concerns about the U.S.-China trade war.
* Canola's value has held up well compared with soybeans, and traders with long canola, short soy spreads may soon unwind them to take profits, a trader said.
* Favorable Canadian crop conditions are also seen limiting canola's upside.
* Most-active November canola RSX8 fell $4.90 at $506.30 per tonne.
* ICE reported no deliveries of the July canola RSN8 contract, which expires on July 13.
* The November-January canola spread traded 456 times.
* August Paris Matif rapeseed futures /COMQ8 slipped and Malaysian September crude palm oil 1FCPOU8 edged higher.
* The Canadian dollar CAD= was trading at $1.3111 to the U.S. dollar, or 76.27 U.S. cents at 12:57 p.m. CDT (1757 GMT).