# ICE weekly outlook: Canola in its own world, analyst says | Farmtario

> Analyst Wayne Palmer of Exceed Grain says ICE canola has been trading in its own world for about a month, diverging from the Chicago soy complex. Funds liquidated part of their long canola position and farmers are holding back old-crop supplies hoping for cash prices near $30 per bushel.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/42386-ice-weekly-outlook-canola-in-its-own-world-analyst-says-farmtario
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Thin farmer selling and fund liquidation create volatility and a possible July/November spread squeeze, which affects canola meal and oil supply availability and prices for feed buyers.

## Read by commodity

- SOY: neutral
- CANMEAL: neutral

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-outlook-canola-in-its-own-world-analyst-says/

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