CHICAGO: ICE canola futures eased on Monday after choppy trade, weighed by bearish global vegetable oil markets, although technical support and elevated rapeseed prices underpinned the market, traders said.

Most-active March canola lost 10 cents to close at $1,002.60 per tonne. The contract found technical support at its 20-day moving average.

Malaysian palm oil futures fell on Monday as crude and rival vegetable oil prices weakened on concerns that surging Omicron cases globally would hurt demand.

January-March canola spread traded 2,406 times. Euronext February rapeseed futures and Malaysian February palm oil futures firmed.