WINNIPEG, Manitoba, July 23 (Reuters) - ICE Canada canola futures dipped on Monday, dragged down by weaker soyoil prices and profit-taking.
* Canola prices are underpinned by a patchy crop in parts of Western Canada, a trader said. Cooler, wetter weather recently is seen as favorable.
* November canola RSX8 fell $3.60 at $486.70 per tonne.
* The November-January canola spread traded 1,542 times.
* Chicago August soybeans SQ8 dipped on U.S.-China trade concerns. November Paris Matif rapeseed futures /COMX8 and Malaysian October crude palm oil 1FCPOV8 slipped.
* The Canadian dollar CAD= was trading at $1.3174 to the U.S. dollar, or 75.91 U.S. cents at 1:16 p.m. CDT (1816 GMT).