# ICE Midday: Canola prices higher as trade war intensifies - AgCanada

> ICE canola futures rose slightly on Friday morning, with the May contract at C$658.20 per tonne, up C$4.20. Chicago soyoil and Malaysian palm oil were higher, and China retaliated against US tariffs with 125% levies on US goods. The Canadian dollar gained two-thirds of a US cent.

- Date: 2025-04-11 · published 2025-04-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11675-ice-midday-canola-prices-higher-as-trade-war-intensifies-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Higher soyoil and palm oil prices, with soyoil discounted to palm, support canola, while escalating US-China trade tensions add volatility to oilseed markets.

## Read by commodity

- SBO: bullish ▲
- USDCAD: bearish ▼
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/ice/ice-midday-canola-prices-higher-as-trade-war-intensifies

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.