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ICE canola futures move little

ReutersNov 5, 2025 8:42 PM

- ICE canola futures moved little on Wednesday, reflecting a lack of direction from fellow vegoils.

• January canola RSF6 settled up 30 cents at $640.40 per metric ton.

• The mood around canola has become more bullish since a happy-seeming visit to China's agriculture minister and other Canadian agriculture leaders, and the invitation of the Chinese president to Canada's prime minister to visit, traders said.

• Lack of a concrete deal to reopen Canadian canola sales to China held back enthusiasm, as did the lack of major purchases from China since the U.S.-China trade deal. The few cargoes sold so far do not clear the U.S. glut of soybeans.

• Chicago Board of Trade soyoil futures BOv1 rose 0.32%.

• Euronext rapeseed COMc1 futures rose 0.16%.

• Malaysian palm oil futures FCPOc3 fell 0.84%. POI/

• The Canadian dollar CAD= fell again to its lowest since April versus the U.S. dollar. CAD/

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