# ICE review: Canola continues lower - Alberta Farmer Express

> ICE November canola settled at C$782.90 per tonne, losing C$8.30 after falling below C$800 on Monday. Crude oil weakened as Middle East tensions eased, with Chicago soyoil and European rapeseed also lower.

- Date: 2026-07-28 · published 2026-07-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/18458-ice-review-canola-continues-lower-alberta-farmer-express
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude and soyoil weigh on the vegoil complex and canola's value, though heat on the Prairies gave some support. Speculative selling after the technical break adds downside pressure.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- CANMEAL: bearish ▼

## Sources

- albertafarmexpress.ca: https://www.albertafarmexpress.ca/market-update/ice-review-canola-continues-lower/

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