# ICE Weekly: Canola futures decline as crude oil falls - Grainews

> ICE November canola fell C$1.80 to C$744.30 per tonne in the week ended June 24 and stayed below its 20- and 50-day moving averages. WTI lost about US$6 per barrel and Chicago soyoil fell as more tankers moved through the Strait of Hormuz.

- Date: 2026-06-24 · published 2026-06-24T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/18914-ice-weekly-canola-futures-decline-as-crude-oil-falls-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Canola is tracking crude and soyoil lower, so energy-driven weakness in vegetable oils is pressuring canola values despite expected acreage growth.

## Read by commodity

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

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-canola-futures-decline-as-crude-oil-falls/

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