Canola futures ended a bit weaker on Monday, with the market very close to the middle between support and resistance ahead of the upcoming holiday season.
Crude oil and Chicago soybeans were lower today, although soybean oil was higher along with European rapeseed and palm oil. A tightening fundamental situation remains an underpinning measure of support for canola.
Canadian markets will be closed Wednesday and Thursday for the Christmas break.
January was down 70 cents at $608.40, and new-crop November fell $2 to $611.80.
