WINNIPEG, Manitoba, March 7 (Reuters) - ICE Canada canola futures dipped on Wednesday, following larger vegetable oil rival soy oil lower.
* The weak Canadian dollar underpinned canola, a tradersaid.
* Most-active May canola RSK8 lost $3.80 to $522.20 pertonne.
* ICE Futures Canada said there were 12 deliveries onWednesday of the expiring March contract.
* May-July canola spread traded 2,207 times.
* Chicago May soybeans SK8 dropped on positioning ahead ofThursday's U.S. Department of Agriculture supply and demand report. NYSE MATIF May rapeseed COMK8 and Malaysian May crude palm oil 1FCPOK8 fell.
* The Canadian dollar CAD= was trading at $1.2968 to the U.S. dollar, or 77.11 U.S. cents at 12:48 p.m. CST (1848 GMT).