ICE Canadian canola futures were higher on Monday on light technical buying and worries about potential planting delays in the Prairies after a harsh winter, traders said. May canola was up $2.40 at $456.60 per tonne at 8:46 am CDT (1346 GMT), on volume of 575 contracts, but stayed inside of Friday's trading range. July canola was up $2.30 at $466.70 per tonne on volume of 819 contracts. Chicago Board of Trade May soyoil was down 0.31 US cent at 41.26 cents per lb, losing ground to soymeal on meal/oil spreading.
NYSE Liffe Paris May rapeseed was up 0.24 percent, up 1 euro at 409.75 euros per tonne. Malaysian June palm oil fell 1.35 percent. Light support from a weaker Canadian dollar, which makes canola more attractive to holders of other currencies. At 8:53 am CDT (1353 GMT), the loonie traded at $1.0995 to the greenback, or 90.95 US cents, compared with Friday's close of $1.0981, or 91.07 US cents.
