ICE Canola Futures Climb on Soyoil and Crude Oil Gains

Canola futures on ICE closed higher on Thursday, boosted by gains in Chicago soy products and a sharp increase in crude oil prices.

The November canola futures contract rose to $839.30 per metric ton, marking a 0.94% increase from the previous day's close.

This growth was slower than that seen in some other markets, but still significant, with the canola market trading near contract highs and well above earlier forecasts made for 2026.

The slow pace of harvest activity in Western Canada continued to be a factor, despite slightly improved conditions during the week, with many crops remaining too wet for harvesting.