WINNIPEG, Manitoba, Sept 28 (Reuters) - ICE canola futures dipped on Friday for the first time in four sessions, following soybeans lower on estimates for bigger than expected U.S. supplies.
* U.S. corn and soybean supplies exceeded expectations despite record usage during the summer, the U.S. government said on Friday. Wet weather that is delaying Western Canada harvesting underpins canola prices. Canola harvest was only 16 percent complete in Canadian province Alberta as of Tuesday. GRO/ALB
* November canola RSX8 lost $1.10 at $497.30 per tonne in bigger than usual volume.
* The November-January canola spread traded 3,660 times.
* Chicago November soybeans SX8 dropped on rising U.S. supply. November Paris Matif rapeseed futures /COMX8 and Malaysian November palm oil futures /1FCPOX8 edged higher.
* The Canadian dollar CAD= was trading at $1.2927 to the U.S. dollar, or 77.36 U.S. cents at 12:39 p.m. CDT (1739 GMT).