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ICE canola futures closed moderately higher, with the January contract back above C$800 per tonne. Renewed Black Sea tensions, including reports that Putin was considering escalating attacks on Ukrainian infrastructure, added a risk premium to grain and oilseed markets.
Geopolitical risk in the Black Sea lifts oilseed risk premiums, but the canola move was partly offset by weaker soyoil, palm oil and crude, so the net effect is a modest price lift.
Not enough comparable past events yet for a historical read.
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.