ICE Canadian canola dipped on Wednesday as investors sold positions to book profits before the end of the year. Some selling may be linked to spread trades in which investors were long canola and short soy futures, a trader said. January canola lost $2.10 at $481.50 per tonne. Most-active March canola shed $1.30 at $491.50 per tonne, snapping a three-day winning streak. January-March spread traded 3,086 times. Chicago March soybeans rose on technical buying. Malaysian March crude palm oil and NYSE Liffe Paris February rapeseed gained.

Copyright Reuters, 2016