Winnipeg canola fell a little on Monday, pressured by farmer selling and grain company hedging.
Intermonth spreading was a major feature as traders rolled January positions into March.
Soybean futures rose, partly on expectations that investment funds will put more money into agricultural commodities in the new year.
Winnipeg canola settled Monday at $411.50 per tonne, down 70 cents from Friday on a volume of 7,056 contracts.
March fell 50 cents to close at $418.70 per tonne on a volume of 8,343 contracts. May fell 30 cents to $425.40 on 1,928 trades.
The Bank of Canada at noon Monday said the Canadian dollar was worth 94.4 cents US, little changed from 94.47 cents on Friday. The U.S. dollar was worth $1.0593 Cdn.
The Winnipeg January barley contract was unchanged at $159 per tonne with no trades. March rose $1 to $161 per tonne with 100 trades.
Chicago January soybeans rose 20 cents to $10.55 US per bushel.
Soy was lifted by dollar weakness versus the euro and by record large domestic crush in November.
Limiting grains were weak crude oil and good South American growing weather.
Crude oil dipped below $70 US per barrel on weak demand. Over the last eight days, oil has dropped more than 10 percent.
A Bunge executive forecast the European Union rapeseed seeded area would grow by four to five percent in 2010, producing a crop of about 21 million tonnes if the weather cooperates. EU biodiesel producers would likely increase their demand for the oilseed, the Bunge official said.
