Strength in the Chicago soy complex helped lift canola to gains on Monday.
Chicago ag futures were supported by the general strength in outside markets, following the US capture and arrest of Venezuelan President Nicolas Maduro over the weekend. Gains in European rapeseed added to the upside, while palm oil provided little direction.
Canadian canola exports for the week ended Dec. 28 were reported by the Canadian grain Commission at 121,000 tonnes, up from 96,200 a week earlier. However, year-to-date shipments of 2.66 million lag well behind last year.
March canola was up $6.90 at $610.80, and November added $3.10 to $631.10.
