Winnipeg -- Intercontinental Exchange canola futures were lower on Monday but settled well above their session lows.
Weaker crude oil was the impetus for today's declines, as the United States and Iran reached a deal to end their conflict.
However, the deal won't be signed until Friday, and an analyst said the markets are being driven by the headlines.
Recent rains combined with the delayed start to spring seeding will mean some intended Prairie canola acres will go unplanted this year.
There have been showers over the eastern half of the Prairies on Monday, with the entire region forecast to get more rain during the week.
