WINNIPEG, Manitoba--As canola futures on the Intercontinental Exchange climbed higher on Monday morning, the increases were becoming softer.
Canola gleaned support from gains in the Chicago soybeans and soymeal, along with European rapeseed and Malaysian palm oil.
However, Chicago soyoil turned around to slip lower, tempering the upswing in canola.
Crude oil turned lower in choppy trading, weighing on the vegetable oils.
The November canola contract was more than C$35 above its 20- and 50-day moving averages.
