# ICE Weekly: StatCan report puts a stop to canola’s rally | Farmtario

> ICE canola futures rose most of the week ended Aug. 28 before falling after Statistics Canada projected a 2024-25 canola crop of 19.502 million tonnes. That was above the 19.192 million tonnes for 2023-24. Analysts called the estimate an early guess while harvest results are still coming in.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/28765-ice-weekly-statcan-report-puts-a-stop-to-canola-s-rally-farmtario
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A crop estimate near the upper end of expectations adds supply and eases the price rally driven by strong demand and crush margins. Canola meal prices could remain under pressure if yields prove higher.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-statcan-report-puts-a-stop-to-canolas-rally/

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