ICE canola futures slip back after big day-before gains

WINNIPEG, Manitoba, July 3 (Reuters) - ICE canola futures fell on Thurs; Editing by Sandra Malerday, giving back some of the gains from Wednesday, as the mood darkened in both biofuel and fossil fuel markets.

• November canola RSX5 settled down $15 at $719.50 per metric ton. January RSF6 fell $14.80 to $727.40.

• Both Monday and Wednesday saw large gains, with Tuesday closed for a holiday, so a setback Thursday was not a surprise, traders said.

• All contracts for the crop grown in 2025 show positive carry, with an inversion to contracts for the crop grown in 2026, revealing worries about this year's Western Canadian yield potential, traders said.

• Crops look fine, but there is little soil moisture left despite recent rains, and significant moisture is needed soon.

• Chicago Board of Trade soybean futures Sv1 firmed on pre-holiday positioning. Soyoil futures BOv1 fell 0.73% on weakness in competing vegoils and reports of a big Brazilian soybean crop.

• Euronext August rapeseed futures COMQ5 fell 1.65%

• Malaysian palm oil futures FCPOc3 rose 0.71% on spillover pressure from Dalian markets, despite a downturn in the Chicago soyoil market. POI/

• The Canadian dollar CAD= firmed on greenback weakness. CAD/

• Crude oil CLc1 weakened.