# ICE canola falls - Markets - Business Recorder

> ICE canola futures fell for a fifth straight day, with the January contract settling at C$835.10 per tonne after breaking below its 100-day and 50-day moving averages. Traders cited concerns about reduced Chinese demand. Chicago soybean and grain futures also fell amid worries about a possible US rail strike.

- Date: 2022-11-23 · published 2022-11-23T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/38670-ice-canola-falls-markets-business-recorder
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower canola futures reflect weaker expected Chinese demand and technical selling, which pressures canola meal values. A possible US rail strike could slow grain movement and add logistics risk to soybean and meal markets.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40210505

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