# ICE canola futures decline on weaker rapeseed prices

> ICE canola futures fell on April 13, with May canola down C$4.70 to C$769.30 per tonne. The decline followed weaker European rapeseed prices, sufficient Canadian supplies, and farmers selling more stored canola. Louis Dreyfus said it will more than double its Canadian canola crush plant.

- Date: 2023-04-13 · published 2023-04-13T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/36536-ice-canola-futures-decline-on-weaker-rapeseed-prices
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Heavier farm selling and weaker crush margins point to ample canola supply. The planned crush expansion adds to future demand for canola over time.

## Sources

- brecorder.com: https://www.brecorder.com/news/40236809

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