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Canola futures on ICE extended gains on Friday, with the January contract settling at C$783.20 per tonne and nearly testing C$790. Chicago soyoil and Malaysian palm oil also rose, and Canadian canola exports for the week ended November 9 were 308,500 tonnes.
Stronger vegetable oil prices and firm technical momentum are lifting canola, which supports oilseed meal costs for feed buyers. The move is routine price action without a new supply shock.
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.