# ICE Canola Midday: Farmers are reluctant sellers | The Western Producer

> ICE canola futures held gains midday on May 29 due to limited farmer selling and Prairie heat above 30 C. Chicago soyoil rose sharply while soybeans and soymeal declined, and crude oil eased on US-Iran peace deal hopes.

- Date: 2026-05-29 · published 2026-05-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/19359-ice-canola-midday-farmers-are-reluctant-sellers-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Reduced farmer selling and strong crush margins support canola prices, while falling crude pressures vegetable oils.

## Read by commodity

- SBO: bullish ▲
- BRENT: bearish ▼
- CANMEAL: bullish ▲

## Sources

- producer.com: https://www.producer.com/market-update/ice-canola-midday-farmers-are-reluctant-sellers/

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