ICE Canadian canola futures closed higher on November 12, with the benchmark contract up about 0.90%. November was at C$766.80 per tonne, January at C$777.30 and March at C$787.10.
Domestic China crushed rapeseed meal traded at 2,370 to 2,420 yuan per tonne and rapeseed oil at 10,310 to 10,610 yuan per tonne on November 11.
Higher ICE canola futures and firm Chinese domestic meal and oil prices point to supportive canola complex values. Rising canola costs can lift the price of canola meal used in feed formulations.
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.