Canola futures closed mixed on Monday, with the nearby January contract posting a modest gain while new-crop November 2027 finished slightly lower.
The market found some support from bargain buying following October's steep price declines, along with continued demand strength. However, sharp losses in Chicago soybean futures and weakness in crude oil prices weighed.
With the Prairie harvest essentially wrapped up, seasonal selling pressure has begun to ease.
January was up 40 cents to $788.40, and November 2027 dipped a dime to $781.60.
