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
But ground drier
Multiple factors driving canola’s rally
About 50 to 70 per cent of normal precipitation
Rainfall amounts vary widely
Also changes dry pea data
Weather, China could guide oilseed’s trajectory
Data varies from AAFC numbers
Upcoming rains could pull prices back
Topsoil moisture levels down