# ICE Closing Review: Sharps losses kick off new week | The Western Producer

> ICE canola futures fell on May 25 on sharp crude oil losses, with the US closed for Memorial Day. The July contract dropped C$14 to C$736.20, and crush margins remain near record highs.

- Date: 2026-05-25 · published 2026-05-25T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/19361-ice-closing-review-sharps-losses-kick-off-new-week-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Weaker crude and seasonal highs weigh on canola values, though strong crush margins support demand for meal.

## Read by commodity

- BRENT: bearish ▼
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-05-27 | 5 | -15.3% | -2.8 | Confirms sharp crude losses on May 25 (first session of the window) that fed through to canola, corroborating the size of the early-window decline. |

## Sources

- producer.com: https://www.producer.com/market-update/ice-closing-review-sharps-losses-kick-off-new-week/

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