(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Sept 24 (Reuters) - ICE (NYSE:ICE) canola futures fell on Thursday for a fifth straight day, dragged off last week's two-year highs on weakness in rival vegetable oils and technical selling.
* Canola is in a "much-needed corrective phase," a trader said, noting that with the Canadian harvest advancing and technical charts indicating further downside, many investors are "pressing the get me out button."
* November canola RSX0 lost $8.60 to $511 per tonne. It touched the lowest nearby price in nearly two weeks.
* In the Canadian province of Saskatchewan, 61% of canola has been harvested. GRO/SAS
* November-January canola spread traded 6,034 times.
* U.S. soybean futures Sv1 fell as early harvest yields exceeded expectations. Euronext November rapeseed futures /COMX0 and Malaysian December palm oil futures /FCPOZ0 slipped.