April 16 (Reuters) - ICE (NYSE:ICE) Canada nearby canola futures declined on Tuesday for a second straight session on technical selling and spillover pressure from allied U.S. soybean futures, traders said.
* Spreading accounted for most of the day's trading volume as commodity funds continued to roll positions in the May RSK9 futures contract into forward months.
* Fundamental news was lacking. Traders awaited Statistics Canada's April 24 report on area planted to principal field crops.
* May canola RSK9 ended down $1.20 at $454.50 per tonne.
* July canola RSN9 settled down $1.50 at $462.20 per tonne and November RSX9 ended down $1.10 at $473.90 per tonne.
* The May-July spread traded 12,078 times between $7.40 and $8, premium July.
* Chicago Board of Trade May soybeans SK9 settled down 10-3/4 U.S. cents at US$8.88 per bushel on a lack of fresh news about talks to resolve the U.S. trade war with China, traders said. Paris Matif May rapeseed futures COMK9 fell 0.42 percent while Malaysian June palm oil futures 1FCPOM9 rose 0.61 percent.
* The Canadian dollar firmed against its U.S. counterpart, recovering from an earlier 11-day low as gains for U.S. stocks futures and higher oil prices offset weaker-than-expected domestic manufacturing data. CAD/