# Canola prices remain volatile, but wheat has a more positive outlook  - SaskAgToday.com

> ICE November canola closed at $646.50 after a $25.20 daily drop, with analysts expecting a possible move to the $620-640 range if soy and bean oil keep falling. Minneapolis September wheat fell 15.25 cents on the day amid US weather that is hot and dry in the west but better in the east.

- Date: 2024-07-27 · published 2024-07-27T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/29363-canola-prices-remain-volatile-but-wheat-has-a-more-positive-outlook-saskagtoday
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weakness in soybeans and oils is dragging canola lower, and this points to softer canola meal values for feed buyers while wheat outlook remains firmer.

## Read by commodity

- WHEAT: neutral
- CANMEAL: bearish ▼

## Sources

- saskagtoday.com: https://www.saskagtoday.com/ckrm-agriculture/canola-prices-remain-volatile-but-wheat-has-a-more-positive-outlook-10713873

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