# ICE canola futures rise despite drop in soyoil and crude oil

> 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.

- Date: 2026-11-02 · published 2026-11-02T21:06:58.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/75790-ice-canola-futures-rise-despite-drop-in-soyoil-and-crude-oil
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- BRENT: bearish ▼
- CANMEAL: bullish ▲

## Sources

- investing.com: https://www.investing.com/news/commodities-news/ice-canola-futures-rise-despite-drop-in-soyoil-and-crude-oil-93CH-4992655

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.