# ICE weekly outlook: Rising canola prices hit a one-day thud | Farmtario

> ICE November canola rose more than $27 per tonne to $891 early on October 4 before a midday collapse left it settling near unchanged at $863.70. Canola had gained $35 per tonne over seven of the prior eight sessions, and prices had not exceeded $900 since late June.

- Date: 2022-10-05 · published 2022-10-05T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/39102-ice-weekly-outlook-rising-canola-prices-hit-a-one-day-thud-farmtario
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reversal after a sharp rally suggests resistance near $860-880 may cap near-term canola gains, with a weaker US dollar having supported the earlier rise.

## Read by commodity

- DXY: neutral
- CANMEAL: neutral

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-outlook-rising-canola-prices-hit-a-one-day-thud/

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