With the speculative fund selling and relatively decent crop conditions on the Canadian Prairies, a broker said canola futures have little option but to continue falling back.

If dryness not alleviated, canola would turnaround
Nov canola holds above 20-day moving average
Weather, China could guide oilseed’s trajectory
Upcoming rains could pull prices back
Conditions range from too dry to too wet
Announcement pending on 45Z biofuel tax credit
July canola may have more room to grow
Futures hit 18-month highs
Squeeze possible for old crop
July canola hits C$700/tonne mark, settles under it