(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, July 29 (Reuters) - ICE (NYSE:ICE) canola futures dipped on Monday, as ample supplies and soft demand kept the market locked in its trading range.
* Large leftover Canadian supplies from last year's harvest and expectations for a decent Canadian crop this year despite earlier dry conditions have weighed on the market, a trader said.
* A stronger Canadian dollar added to pressure. The dollar CAD= strengthened against its U.S. counterpart ahead of a widely expected Federal Reserve interest rate cut this week. CAD/
* China, the biggest export market for Canadian canola usually, continues to balk at purchasing supplies amid a diplomatic dispute.
* November canola RSX9 lost $1.10 to $449.40 per tonne.
* November-January canola spread traded 1,242 times.
* Chicago August soybeans SQ9 traded slightly higher as dry weather threatened U.S. Midwest crops, and on hopes for progress in U.S.-China trade talks. GRA/
* Paris Matif November rapeseed futures /COMX9 and Malaysian October palm oil futures /FCPOV9 eased.
* Consultancy Strategie Grains cut its monthly forecast of the 2019 rapeseed harvest in the European Union to 17.40 million tonnes from 17.81 million a month ago.