Winnipeg canola futures settled lower on Monday in light pre-holiday trade, dragged down by weaker soybean prices and a stronger loonie.
January canola settled at $401 per tonne, down $3.70 from Friday on a volume of 3,881 contracts.
March fell $3.50 to close at $408.70 per tonne on a volume of 3,763 contracts.
May fell $3.80 to $414.90 on 263 trades.
The Bank of Canada at noon Monday said the Canadian dollar was worth 94.39 cents US, up from 93.65 cents on Friday. The U.S. dollar was worth $1.0594 Cdn.
The Winnipeg January barley contract rose $1 to $161 per tonne with 29 trades and March fell $1 to $155 on 29 trades.
Chicago January soybeans fell 11 cents to $10.01 US per bushel.
Soybeans were pressured lower by the stronger U.S. dollar against the euro, weaker crude oil prices and good South American growing weather. Argentina got needed rain in recent days, improving the outlook there.
About 75 percent of the record 45 million acres were seeded as of Dec. 17, up 10 percentage points from the week before, but trailing the previous season by two points.
Traders expect a record large South American soybean crop will be harvested next March.
