Stronger soybean and crude oil prices lifted Winnipeg canola futures Monday but a stronger Canadian dollar limited the gains.
The January contract rose $2.80 to $410 per tonne on 448 trades. It was the first notice day for the January contract.
The March contract closed 40 cents higher at $412.80 on 7,387 trades. It rose as high as $418.70 during the day.
May rose $1.20 to close at $419.80 on 1,536 trades
The Bank of Canada at noon Monday said the Canadian dollar was worth 96.36 cents US, up from 95.55 cents on Dec. 31. The U.S. dollar was worth $1.0378 Cdn.
The Winnipeg January barley contract closed unchanged at $160 with no trade. March closed unchanged at $156.80 with no trade.
Chicago March soybeans, the most active month, rose 9.5 cents to $10.58 US per bushel.
Crude oil in New York closed at $81.50 US per barrel, up $2.15, supported by the weaker U.S. dollar and a cold wave affecting a large part of the U.S., increasing demand for heating fuel.
The American dollar fell as investors eyed improving economic prospects and shifted money out of safe treasury bills and into investments with more profit potential.
