Business Recorder (17/05/2020) - ICE Canadian canola futures edged down on Thursday for a second straight day.

Canola was very steady and did not want to move around a lot on what was a quiet trading day in both the canola and soy markets, a trader said.

Most-active July canola fell 80 cents to $470.70 per tonne.

July-November canola spread traded 2,507 times.

Seeding progress in the Canadian province of Saskatchewan is at 18%, which is below the five-year average of 25%, the provincial government said in its weekly crop report.

US soyabean futures fell for a third straight day.

The Canadian dollar hit a one-week low against its US counterpart on Thursday as domestic data showed a bigger-than-expected drop in manufacturing sales and ahead of a Bank of Canada assessment of risks to the financial system.

Euronext August rapeseed futures rose and Malaysian July palm oil futures fell.

Read more at https://www.brecorder.com/2020/05/17/597716/canadian-canola-futures-down/