# ICE Canada weekly outlook: Canola continues to be bearish - Grainews

> Analyst Jerry Klassen described the Canadian canola market as bearish during the week ended January 31, with farmers selling at low prices and speculative funds adding to the selling. Trading volumes exceeded 60,000 contracts on January 30 and 31. Attention shifts to the StatCan December 31 stocks report due February 8.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/31783-ice-canada-weekly-outlook-canola-continues-to-be-bearish-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Heavy farmer and fund selling keeps canola prices under pressure, and the upcoming stocks report could confirm or challenge the supply picture. Feed buyers may see continued weakness in canola meal until the data clarifies supply.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-canada-weekly-outlook-canola-continues-to-be-bearish/

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