ICE canola

WINNIPEG, (Manitoba): ICE canola futures finished mixed on Monday, extending a recent pattern of choppy trade. Canola is underpriced in the view of some market participants compared with soyoil, but it faces strong resistance at the $900 level, a trader said.

Weaker soy and crude futures weighed down canola, which is linked to those markets because of its use in biofuel. Surging coronavirus cases in China hit oil prices and weighed on broad market sentiment. January canola gained $1.70 to settle at $884.90 per tonne. Later-delivery contracts finished lower.