ICE Canadian canola futures closed lower on Monday for a third straight session on worries about sluggish export demand and spillover weakness from allied US soy markets, traders said. March canola settled down $3.60 at $479.70 per tonne. May canola ended down $3.90 at $487.90 per tonne. The March-May canola spread narrowed to $8.20, premium May, after trading 7,932 times between $7.90 and $8.60 as speculators rolled short March positions forward.

Chicago March soyabeans ended down 9-1/2 US cents at US$9.05 per bushel, while March soyaoil fell 0.63 US cent to 30.24 US cents per pound. Paris Matif May rapeseed futures fell 0.47 percent and Malaysian April palm oil futures fell 1.05 percent. The Canadian dollar was trading at $1.3300 to the US dollar, or 75.19 US cents at 2:40 p.m. CST (2040 GMT).

Copyright Reuters, 2019