Winnipeg canola futures closed slightly higher despite a stronger loonie and weaker soybeans.
Stronger crude oil and soy oil as well as late buying by commercials supported canola.
Dry parts of Argentina got rain over the weekend, improving prospects for a bumper soybean crop there.
March canola rose 40 cents to close at $376.20 per tonne on 8,673 trades.
May was steady at $382.50 on 3,538 trades. New crop November rose $1.20 to $396.10 per tonne on 291 trades.
The Canadian dollar at noon Monday was 93.87cents US, down slightly from 93.90 cents at noon the previous trading day. However, the loonie rose in late trading to close stronger at 94.13 cents US.
The Winnipeg March barley contract fell $1 to $147 per tonne with 75 trades. May fell $3 to $150 on 25 trades.
March soybeans fell 4.25 cents to $9.0975 US per bushel.
Light crude oil in New York for March closed at $74.43 US per barrel, up $1.54 on a report that found U.S. manufacturing grew faster than expected in January and on the weaker greenback.
