# ICE weekly outlook: Canola 'due for a bounce' | Farmtario

> ICE November canola fell C$10 to C$726.10/tonne over the week ended September 27, hitting a low of C$710 on Tuesday before rebounding. Harvest selling pressured the market, while firm soyoil was expected to support canola.

- Date: 2023-09-28 · published 2023-09-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34201-ice-weekly-outlook-canola-due-for-a-bounce-farmtario
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Canola meal supply is tied to crush margins, and a rebound in soyoil supports crush economics, which can firm canola meal prices for feed buyers.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-outlook-canola-due-for-a-bounce/
- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-due-for-a-bounce/

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