# ICE canola - Markets - Business Recorder

> ICE January canola futures fell $8.30 to settle at $883.20 per tonne on November 13 amid a strong Canadian dollar and weaker soybean and rapeseed markets. Traders said export sales had already been priced in and farmers sold more above $900 per tonne.

- Date: 2022-11-12 · published 2022-11-12T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/38789-ice-canola-markets-business-recorder
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Resistance near $900 and farmer selling into rallies cap canola prices, while a firm loonie reduces Canadian export competitiveness.

## Read by commodity

- USDCAD: bearish ▼
- CANMEAL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40208466

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