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ICE canola futures closed higher on Monday, with January up 40 cents to C$788.30 a tonne and November up 60 cents to C$776.70. Chicago soyoil fell 1.24% and soybeans 1.42%, while Brent dropped more than 10% after Iran's leader signaled possible de-escalation with the US and Israel.
Canola is holding a consolidation range after a sharp mid-October decline, so its firmness despite weaker soyoil and crude suggests support from canola-specific factors, while Brent's drop removes some biofuel-linked price support.
investing.comNov 2, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
