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Canola closed firmer on Friday as crude oil rose sharply on renewed Middle East fighting concerns. Gains spilled into vegetable oils, with support from Chicago soybeans and soyoil, Malaysian palm oil and European rapeseed.
Energy-driven strength in vegetable oils lifts oilseed values and supports canola meal and palm oil prices, tightening feed protein costs.
hk.marketscreener.comOct 30, 2026Not enough comparable past events yet for a historical read.
After 110 past bullish geopolitics events, Soybean Oil moved a median +1.8% over 5 sessions (65% higher; middle half -0.7% to +3.6%), and -0.4% over 20.
After 62 past bullish geopolitics events, Palm Oil moved a median +2.5% over 5 sessions (74% higher; middle half -0.1% to +5.8%), and +4.0% over 20.
After 72 past bullish geopolitics events, Soybeans moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and -1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
