(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Aug 31 (Reuters) - ICE (NYSE:ICE) canola futures dipped on Monday with soyoil, halting a six-day winning streak on profit-taking.
* Commercial hedges added pressure as the slow-developing Canadian harvest picked up steam, a trader said.
* Canola was underpinned by a Statistics Canada report that pegged canola production at 19.4 million tonnes, lower than the 20 million the trade expected on average. November canola RSX0 shed 90 cents to $498.20 per tonne.
* November-January canola spread traded 3,808 times.
* U.S. soybean futures Sv1 hit their highest prices in more than two years as dry weather in parts of the U.S. Midwest is expected to damage crops. GRA/
* Euronext November rapeseed futures /COMX0 edged higher.
* Statistics Canada will report on Friday estimates of Canadian crop stockpiles as of July 31, 2020. Trade expects, on average, total canola stocks of 2.3 million tonnes, down from 3.8 million a year earlier.