ICE Close: Solid Gains to Close Week 

Market news
August 07, 2026


Canola futures posted solid gains on Friday, rising with strength in crude oil and outside oilseed markets. 

Crude oil and gasoline prices moved higher on Friday, underpinned by weakness in the American dollar and continued uncertainty surrounding an Iran-Oman proposal aimed at reopening the Strait of Hormuz. 

Chicago soyoil and European rapeseed both moved higher, but palm oil did close with losses. 

November was up $10.90 to $779.80, and January added $9.80 to $788.80.

Source: DePutter Publishing Ltd.

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