Feb 28 (Reuters) - ICE (NYSE:ICE) canola futures fell for a fifth consecutive session on Thursday on technical selling and concerns about lackluster export demand driving up domestic supplies.
* Weak Chinese export demand has weighed on prices as investors also worry that a U.S.-China trade deal could limit Chinese demand for Canadian agricultural products.
* Technical selling pressured prices further. The most-active May contract RSK9 posted fresh life-of-contract lows at $468.50 per tonne.
* March canola RSH9 settled down $2.30 to $463.40 per tonne.
* May canola RSK9 ended down $4.00 at $469.20 per tonne.
* March-May canola spread traded 3,214 times between $5.00 and $16.50, premium May and settled at $5.80.
* Chicago May soybeans SK9 closed down 6-1/2 U.S. cents at US$9.10-1/4 per bushel. Paris Matif May rapeseed futures COMK9 fell nearly 0.21 percent and Malaysian May palm oil futures 1FCPOK9 fell 0.52 percent.
* The Canadian dollar CAD= was trading at $1.3151 to the U.S. dollar, or 76.04 U.S. cents at 2:51 p.m. CST (2051 GMT).