Canola Jumps on Vegetable Oil Strength

ICE canola futures closed sharply higher Friday as strength across global vegetable oils pulled the market toward the upper end of its recent range. November canola surged $19.70 to settle at $823.70 per tonne, while January gained $19.60 to $833.20. Firmer Chicago soyoil, European rapeseed and Malaysian palm oil provided broad support, helping canola overcome pressure from weaker crude oil.