# ICE Canada Weekly: Almost no chance of bullish path for canola | Farmtario

> Canola futures on ICE fell sharply on April 30 and recovered about half the losses in early May. Analysts say weak Chinese, Japanese and Mexican buying leaves little chance of a bullish turn.

- Date: 2024-05-01 · published 2024-05-01T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/30222-ice-canada-weekly-almost-no-chance-of-bullish-path-for-canola-farmtario
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weak export demand from key buyers keeps canola meal and oil values under pressure, with limited price support until crop development shows up.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- farmtario.com: https://farmtario.com/daily/ice-canada-weekly-almost-no-chance-of-bullish-path-for-canola/

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