WINNIPEG, Manitoba--ICE canola futures were mostly higher Monday morning, with the nearby July contract lagging to the upside as traders exit the front month ahead of its expiry.

Chart-based positioning was a feature, as canola held in a sideways trading range.

The gains in canola came despite losses in the Chicago soy complex. Malaysian palm oil was also softer in overnight activity, while European rapeseed was slightly firmer.

Statistics Canada releases updated acreage estimates on Tuesday, with general expectations for an increase in canola area on the year at the expense of wheat.

The United States Department of Agriculture will also release updated acreage estimates on Tuesday.

About 16,200 canola contracts had traded as of 10:15 EDT.

Prices in Canadian dollars per metric tonne at 10:15 EDT:

Price Change Jul 738.00 up 3.90 Nov 749.30 up 4.80 Jan 757.90 up 4.50 Mar 763.80 up 4.20

Source: Commodity News Service Canada, news@marketsfarm.com