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ICE canola futures rise as crude leads oils higher

ReutersOct 23, 2025 8:03 PM

- ICE canola futures rose on Thursday as surging crude oil provoked biofuel-related crops to follow.

• Most-traded January canola RSF6 settled up $6.30 at $633.80 per metric ton. Soon-expiring November RSX5 settled up $5.40 at $618.50.

• A trader said canola was "going along for the ride" with sister commodities as crude oil's CLc1 more than 5% gain made biofuel-related commodities seem discounted. The U.S. hit Russian energy companies with new sanctions.

• Chicago Board of Trade soyoil futures BOv1 rose 1.6%.

• Euronext August rapeseed futures COMc1 were flat but rose strongly on Wednesday.

• Malaysian palm oil futures FCPOc3 rose 0.34%. POI/

• The Canadian dollar CAD= rose, limiting gains in loonie-denominated canola futures. CAD/

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