# ICE canola - Markets - Business Recorder

> ICE canola futures surged on Friday after a Canadian government report put the harvest below expectations. Buyers also bid canola to narrow its large discount to soyoil, which had fallen sharply after disappointing US biofuel targets.

- Date: 2022-12-03 · published 2022-12-03T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/38347-ice-canola-markets-business-recorder
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A smaller Canadian crop and spread-driven buying lift canola and canola meal values, tightening supplies for meal buyers.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40212344

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