# Canola Prices Falling: What's Driving the Decline? | ICE Canada Market Update (2026)

> ICE canola futures fell on Wednesday as vegetable oils declined alongside softer crude oil, Chicago soy complex, Malaysian palm oil and European rapeseed. AAFC's October report trimmed the 2026-27 canola carryover by 11,000 tonnes to 1.97 million tonnes.

- Date: 2026-10-31 · published 2026-10-31T10:05:40.477Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/2900-canola-prices-falling-what-s-driving-the-decline-ice-canada-market-update-2026
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Broad vegetable oil weakness and a slightly tighter canola carryover point to modestly lower canola and oilseed meal prices for feed buyers.

## Read by commodity

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

## Sources

- gprnc.org: https://gprnc.org/article/canola-prices-falling-what-s-driving-the-decline-ice-canada-market-update

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