Canola futures ended little changed on Monday, as gains in crude oil were offset by a stronger Canadian dollar.
Continued concerns around the U.S.-Iran conflict and the blocked Strait of Hormuz pulled crude higher, while the Canadian dollar climbed to its highest in seven weeks. A stronger Canadian dollar makes canola appear more expensive to foreign buyers, limiting export interest.
July canola eased 40 cents to $741.80, and November settled 20 cents higher at $738.
