ICE canola futures fall to contract lows on technical selling, crude drop

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All figures in Canadian dollars unless noted

WINNIPEG, Manitoba, May 31 (Reuters) -ICE canola futures fell on Wednesday to contract lows, pressured by technical selling and a drop in crude prices.

* Grains and oilseed prices were "caught in the crossfire" from disappointing Chinese manufacturing data, and the selling added to technical weakness, a trader said.

* Most-active November canola RSX3 lost $3.30 to settle at $624.80 per tonne.

* July-November canola spread, the most active inter-month spread, traded 9,251 times.

* In the Canadian province of Manitoba, overall seeding is about 87% complete, slightly behind the 5-year average of 91%, the provincial government said on Tuesday. GRO/MBA

* U.S. corn futures fell as macroeconomic concerns fed worries about demand for commodities, but the market pared losses as traders focused on weather risks to Midwest crops. GRA/

* Euronext August rapeseed futures /COMQ3 rose.

Reporting by Rod Nickel in Winnipeg


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