# ICE canola futures rise - Markets - Business Recorder

> ICE canola futures rose to their highest level in more than a month on February 23, with the front-month contract reaching its strongest point since January 19. Most-active May canola settled at C$831.90 per tonne, and gains in Chicago soybean futures supported the move. Chicago May soybeans settled up 21.75 cents at $15.44 a bushel.

- Date: 2023-02-23 · published 2023-02-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37431-ice-canola-futures-rise-markets-business-recorder
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger soybean futures lift the oilseed complex, and canola's rise suggests firmer demand sentiment. The move is a short-term technical bounce with no new supply shock behind it.

## Read by commodity

- SOY: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40227910

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