Gains in crude led canola futures higher on Thursday.
Crude oil rallied about 5% following new US sanctions on two large Russian oil companies, a move the White House said was in response to the Kremlin’s reluctance to work toward an end to its ongoing war in Ukraine. The strength in crude also spilled over to the Chicago soy complex, with European rapeseed steady to higher and palm oil mainly higher
November canola added $5.40 to $618.50, and January was up $6.30 at $633.80.
