ICE Canadian canola futures dropped on Thursday for the fourth straight session, their longest slump in a month and a half, as farmers accelerated sales to cash buyers. Cash sales by farmers caused commercial buyers to hedge their purchases by selling futures. Worries about Canada's trade with China in light of the arrest last month of a Chinese business executive also weighed on prices, a trader said.

March canola lost $1.90 to $481.70 per tonne. March-May canola spread traded 3,099 times. Chicago March soyabeans fell on technical selling. Paris Matif May rapeseed futures and Malaysian April palm oil futures eased.

Copyright Reuters, 2019