# ICE canola rising ahead of acreage data to start week | The Western Producer

> ICE canola futures traded higher on June 29, with the July contract up C$3.90 to C$738 per tonne ahead of Statistics Canada and USDA acreage reports due June 30. Expectations point to higher canola area at the expense of wheat.

- Date: 2026-06-29 · published 2026-06-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/18913-ice-canola-rising-ahead-of-acreage-data-to-start-week-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected acreage gains would add supply later in the year and weigh on canola, though the current move is a routine price update with expiry-related positioning.

## Read by commodity

- SBO: neutral
- CANMEAL: neutral

## Sources

- producer.com: https://www.producer.com/market-update/ice-canola-rising-ahead-of-acreage-data-to-start-week/

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