(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, March 17 (Reuters) - ICE (NYSE:ICE) canola futures fell on Wednesday, with the nearby contract posting its first back-to-back losses since late February, as oilseeds faced selling pressure.
* Canola buyers are rationing demand with Canadian prices seen as high compared to Australian and European Union prices, an industry source said. Some Canadian farmers are holding onto dwindling supplies in hopes of even higher prices, he said.
* May canola RSK1 gave up $16 or 2% to $779.30 per tonne.
* May-July canola spread traded 4,226 times.
* U.S. soybean futures Sv1 drifted lower on slowing export sales as global demand shifts to South American supplies and as U.S. farmers prepare to dramatically increase plantings this spring. GRA/
* Euronext May rapeseed futures /COMK1 dipped and Malaysian June palm oil futures /FCPOM1 rose.
* German 2021 wheat and rapeseed harvest seen little changed on year.