ICE Canadian canola futures slipped on Friday for a third straight session, pressured by technical selling and spread trades against soyabeans. Buying has dried up in recent sessions, a trader said. Canola's seasonal tendency is to trade sideways in February and rally in March, said Harold Davis of Prairie Crop Charts in a commentary this week.

March canola gave up $2.90 to $475.80 per tonne.

May canola lost $2.40 to $484.80 per tonne.

March-May canola spread traded 7,835 times.

Chicago March soyabeans finished higher on optimism about US-China trade talks.

Paris Matif May rapeseed futures eased and Malaysian April palm oil futures dipped.

The Canadian dollar was trading at $1.3261 to the US dollar, or 75.41 US cents at 12:35 p.m. CST (1835 GMT). ICE canola will be closed for daytime trading on Monday for a Canadian holiday, resuming trade on Monday evening.

Copyright Reuters, 2019