ICe Canola Mostly Higher with Weaker C$

Worries about global supplies of vegetable oil were underpinning the market, as stocks are quite low at the moment, brokers said.

Malaysian palm oil and European rapeseed both saw an increase in price in overnight trade, which was supportive to canola.

Cold temperatures across the Canadian prairies, especially in Manitoba, were limiting farmer deliveries into the cash pipeline, adding strength to the market, analysts said.

Advances were limited by overnight losses in the e-CBOT soybeans and soyoil markets. All US markets were closed on Monday, in observance of the Martin Luther King Jr. holiday.

Adding bearish pressure to values were the rains over the weekend in Argentina, which have reportedly helped improve soy crop conditions in the country, brokers said.

At 08:35 CST, there had been about 550 canola contracts traded.

Western barley futures were unchanged and untraded early Tuesday.

Prices in Canadian dollars per metric ton at 08:35 CST: