WINNIPEG, Manitoba, Jan 28 (Reuters) - ICE (NYSE:ICE) canola futures dipped on Monday as farmers stepped up selling to the cash market, causing commercials to hedge their purchases by selling futures.
* March canola RSH9 dropped $2 to $486.50 per tonne.
* March-May canola spread traded 2,047 times.
* Chicago March soybeans SH9 dipped on improving South American weather. Paris Matif May rapeseed futures /COMK9 eased and Malaysian April palm oil futures /1FCPOJ9 rose.
* The Canadian dollar CAD= was trading at $1.3253 to the U.S. dollar, or 75.45 U.S. cents at 12:49 p.m. CST (1849 GMT).