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ICE canola futures rise on soy strength

ReutersNov 3, 2025 8:48 PM

- ICE canola futures rose on Monday as Chicago soyoil soared, but they followed with notably less strength.

• January canola RSF6 settled up $10.90 at $647.90 per metric ton.

• Canada and Pakistan said Monday that they were working to facilitate canola purchases of Canadian product for Pakistan.

• Canada's agriculture minister has been in China for talks with Chinese officials. Canada's prime minister met with China's president for what appeared to be a friendly discussion about improving relations.

• Optimism is rising in the U.S. soybeans industry that the lessening of the U.S.-China trade war will lead to substantial U.S. soybean and soy product sales this year, which are far behind normal levels.

• Chicago Board of Trade soyoil futures BOv1 rose 2.38%. Traders see the U.S.-China trade agreement last week as a sign the effective Chinese moratorium on U.S. soybean purchases is over. GRA/

• Euronext August rapeseed futures COMG5 fell 0.31%.

• Malaysian palm oil futures FCPOc3 fell 2.19%. POI/

• The Canadian dollar CAD= fell to almost a three week low against the greenback. CAD/

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