ICE canola futures climbed in overnight trade on Friday as crude oil rose after U.S.-Iran peace talks stalled, lifting the Chicago soy complex, European rapeseed and Malaysian palm oil as well. Canola prices in Canadian dollars were up about 5 to 6 per tonne across the Jan to May contracts, with roughly 15,750 contracts traded by mid-morning.
Energy-driven strength spilling into vegetable oils tends to support meal and oil values, while traders now watch Statistics Canada's Dec. 4 canola estimate, which a broker expects to come in below September's 22.05 million tonnes.
Not 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.
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.