# ICE weekly outlook: Upside seen for canola prices - Grainews

> ICE canola contracts were volatile in the week ended Oct. 18, with November rising to $725.80/t on Monday before closing at $711.70. An analyst blamed trader manipulation rather than fundamentals and expected a low to be in place with soyoil tightening.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33735-ice-weekly-outlook-upside-seen-for-canola-prices-grainews
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Soyoil tightening from record biofuel use could lift canola through crush-margin linkages, though the moves were driven largely by speculative flows.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-upside-seen-for-canola-prices/

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