WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were mostly lower on Monday morning, in choppy trading.

While there was pressure from losses in the Chicago soy complex, there were gains in crude oil, Malaysian palm oil and European rapeseed.

Temperatures across the Prairies will be much cooler than recently, in the low to mid 20 degrees Celsius. Rain is in the region's forecast for much of this week.

The November canola contract was a little bit below its 20-day moving average but remained above its other technical levels.

Alberta reported on Friday that overall seeding progress was more than 92 percent complete, as farmers neared the five-year average. The province's canola at about 89 percent finished.

The Canadian dollar eased back on Monday morning at 71.75 U.S. cents, compared to Friday's close of 71.82.

Approximately 27,150 contracts had been traded by 9:50 EDT and prices in Canadian dollars per metric tonne were: 


 
           Price      Change 
Jul       754.30     dn 2.70 
Nov       763.20     dn 1.00 
Jan       771.10     dn 0.80 
Mar       777.50     up 0.50

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

06-08-26 1013ET