ICE Canadian canola futures rose on Monday as crusher buying picked up and farmer selling eased, traders said. Total volume was 10,900 contracts, the smallest since January 19. Benchmark May rose $4.70 to $575.20 per tonne on volume of 4,762 contracts. 55 contracts of expiring spot month March canola were delivered on Monday.
May-July spread traded 1,329 times, settling at a July premium of 70 cents. July-November spread settled at a July premium of $36, trading 1,467 times. Chicago May soybeans lost 8 US cents to US $13.25 per bushel. May soyoil slipped 0.35 cent to 53.73 US cents per lb. MATIF May rapeseed gained 0.3 percent. The Canadian dollar was trading at $0.9936 against the US dollar or US $1.0064 at 1:19 pm CST (1919 GMT), down from Friday's close at$0.9886, or US $1.0115.