ICE Canadian canola futures dipped on Friday, dragged lower by sliding soyabean prices as the United States' trade war with China escalated. China said on Friday it will impose an extra 5% tariff on US soyabeans from September 1, and additional 10% duties on US wheat, corn and sorghum from December 15. Strong Canadian crush margins and a slow pace of farmer canola selling underpin prices.

November canola lost $3.20 to $449.90 per tonne. November-January canola spread traded 1,097 times. Traders are adjusting positions ahead of Wednesday's Statistics Canada crop report.

Copyright Reuters, 2019