# ICE Review : Weaker Chicago Soy Weighs on Canola

> ICE canola futures posted further losses on Friday, weighed down by sharp declines in Chicago soyoil and weaker European rapeseed, though gains in Malaysian palm oil offset some pressure. The Canadian dollar eased to 69.17 US cents, and cumulative Canadian Grain Commission data showed canola exports of 6.02 million tonnes, nearly double a year earlier.

- Date: 2025-02-28 · published 2025-02-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/26156-ice-review-weaker-chicago-soy-weighs-on-canola
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Soyoil and crude weakness pull vegetable oil values lower, pressuring canola meal and oil. Uncertainty over US tariffs and biofuel tax credits continues to weigh on demand expectations.

## Read by commodity

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

## Sources

- marketscreener.com: https://www.marketscreener.com/quote/currency/AUSTRALIAN-DOLLAR-CANADIA-2358910/news/ICE-Review-Weaker-Chicago-Soy-Weighs-on-Canola-49204092/

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