# ICE Canada Weekly Outlook : Canola's Direction Clearer After U.S. Election | MarketScreener Hong Kong

> ICE canola January futures lost a net 20 cents during the week ended Wednesday, closing at C$785.70 per tonne. Speculative funds increased their liquidation of long positions, and traders are awaiting the US midterm election and a December Statistics Canada production report.

- Date: 2026-10-28 · published 2026-10-29T06:05:47.768Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/185-ice-canada-weekly-outlook-canola-s-direction-clearer-after-u-s-election
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Heavy canola harvest supplies and fund liquidation weigh on canola meal and oil prices, while renewed Middle East tensions could lift crude and vegetable oil values.

## Read by commodity

- WTI: bullish ▲
- CANMEAL: bearish ▼

## Sources

- hk.marketscreener.com: https://hk.marketscreener.com/news/ice-canada-weekly-outlook-canola-s-direction-clearer-after-u-s-election-ce785cd3d880f72d

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