WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were higher Monday morning, as it follows other vegetable oils to the upside.
There were gains in the Chicago soy complex, European rapeseed and Malaysian palm oil, but crude oil was lower and tempering the increases in the veg oils.
There were slight changes to canola ending stocks in June supply and demand from Agriculture and Agri-Food Canada on Friday. The carryover for 2025-26 dipped to 2.71 million metric tons and that for 2026-27 eased back to 1.31 million metric tons.
The November canola contract remained below its 20- and 50-day moving averages and above its other technical levels.
Rain and moderate temperatures were forecast to dominate the Prairie weather outlook over Monday and for next several days.
