# ICE weekly outlook: Canola prices could rebound - Grainews

> The January canola contract closed at C$702.30 per tonne on November 29, a weekly loss of C$7.40, after falling below C$700 on November 23. A Winnipeg trader said canola could rebound C$20 to C$40 per tonne if soyoil holds its strength, while slower exports weigh on prices.

- Date: 2023-11-29 · published 2023-11-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33282-ice-weekly-outlook-canola-prices-could-rebound-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Canola prices are tied to soyoil and South American weather, and Statistics Canada's December 4 crop estimate could move ICE futures further.

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-prices-could-rebound/

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