Canola finished higher on Wednesday, ahead of the two-day Christmas holiday break.
Strength in the Chicago soy complex spilled over to support canola in today’s shortened session with limited volume. Crude oil was slightly higher. On the other hand, palm oil was little changed, European rapeseed was lower and the Canadian dollar higher.
A Statistics Canada canola crush report released earlier pegged the November canola crush at 1.021 million tonnes, down about 0.5% from a month earlier and just slightly (+0.18%) above the November 2024 crush of 1.019 million.
Canola futures will not trade tomorrow or Friday, with trading resuming on Monday.
March canola was up $8.50 at $611.50, and November 2026 gained $8.10 to $634.
