WINNIPEG, Manitoba, May 1 (Reuters) - ICE (NYSE:ICE) canola futures fell on Wednesday to fresh contract lows, pressured by a lack of progress in resolving a trade dispute with China and weakness in soy markets.
* Technical selling added further pressure to canola, a trader said.
* The Canadian government, as expected, on Wednesday offered more financial assistance to canola farmers who have been hit by a Chinese ban on imports and said it was looking to diversify into other markets. July canola RSN9 lost $4.80 to $436.40 per tonne.
* July-November canola spread traded 5,425 times.
* Chicago July soybeans SN9 dipped to fresh lows on U.S. export worries and big supplies. The Canadian dollar CAD= edged lower against its U.S. counterpart, as oil prices fell and as investors awaited an interest rate decision from the U.S. Federal Reserve. CAD/
* Canola allocations are complete for May 2019 delivery, ICE said in a notice.