Canola futures on the Intercontinental Exchange continued to rally in mid-Thursday trading, with the January contract at C$775.10 per tonne and the July contract at C$796.80. An analyst said the gain partly reflected catch-up trading after the market was closed on Wednesday for Remembrance Day.
Crude oil was higher on geopolitical risk, and the weaker Canadian dollar supported prices.
A firmer Canadian dollar and higher crude are the main supports here, while lower Chicago soyoil and European rapeseed limit the rally. For feed buyers, the move mostly reflects holiday catch-up and currency effects rather than new supply news.
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.