Canola futures eased lower on Monday, amid strength in the Canadian dollar and some profit taking.
The loonie gained as the American dollar slipped on Middle East war uncertainty. Iran rejected the latest ceasefire proposal on Monday, saying it wants a permanent end to the conflict, although negotiations do not appear to have broken down completely. U.S. oil prices swung between gains and losses.
Chicago soybean and soybean oil futures settled higher on the day, with European rapeseed and palm oil mostly stronger.
May canola inched 40 cents lower to $726.60, and November was down $1.10 at $732.70.
