ICE Canadian canola futures ended mixed on Monday, with the most-active month slipping under pressure from a strong Canadian dollar. Nearby May contract ended higher, and a trader said that was an odd development given large commercial stocks. The contract may have risen to converge with cash prices as the May delivery period nears, he said.
May canola rose $3.40 at $452.80 per tonne. Most-active July canola slipped $1.80 at $449.80 per tonne. May-July spread traded 3,298 times.