# ICE canola up - Markets - Business Recorder

> ICE canola futures rose on Wednesday, halting a five-day decline as short positions were covered. March canola settled up $3.80 at $800.50 per tonne.

- Date: 2023-01-27 · published 2023-01-27T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37876-ice-canola-up-markets-business-recorder
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Routine price move with short covering; dryness concerns in Argentina provide modest support to oilseeds.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40222740

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