Crude oil closed higher for the fourth day on Wednesday, offering some spillover support for canola.
Chicago soybeans and soybean oil also ended with gains today, along with palm oil. Weakness in the Canadian dollar offered further upside, while seasonal harvest is now easing with most of the 2025 Prairie crop in the bin. On the other hand, European rapeseed finished with losses.
November canola was up $2 at $617, and January was $2.90 higher at $631.
