Canola futures closed little changed on Monday, as other vegoils provided scant direction for the market.
European rapeseed and palm oil both moved modestly higher on the day, but Chicago soybeans and soybean oil both lost ground. Crude oil was a bit higher, while the Canadian dollar was little changed as well.
The market continues to watch Prairie weather. Some beneficial rain was reported over the weekend in parts of Saskatchewan and Manitoba, but other Prairie areas were left largely dry and are expected to stay dry through the middle of the week. Some showers are possible in Alberta later this week.
July canola slipped 80 cents to $710, and November was up $1.30 at $693.90.
