With the larger US markets closed, canola futures finished little changed on Monday.
US markets were closed today in recognition of Martin Luther King Day but were slated to reopen for the evening session. With the American markets shuttered, Canadian trade volumes were light and lacked direction. The new Canada-China tariff deal announced on Friday continued to help underpin canola, with China already reportedly buying a Canadian cargo for delivery in March.
European rapeseed was mainly lower today, while palm oil was mostly higher.
March canola slipped 50 cents to $639, and November added $1.30 to $650.40.
