Canola futures on ICE rose sharply, July contract up $16 to $763.90/mt and November up $15 to $759.70/mt.
The rally follows a >6% jump in Brent crude oil as Iran conflict concerns intensify, prompting higher vegetable‑oil prices.
Traders say higher canola prices may lead farmers to expand acreage, though Western Canada seeding is delayed by cold weather.
Chicago soybean oil rose 2.21% and soybeans 0.65%, indicating broader commodity market gains.