# ICE weekly outlook: Canola strength shows no signs of fading - AgCanada

> ICE canola futures started 2022 firmly, with analysts saying prices remain strong despite looking expensive. Canola oil is trading at record premiums to soyoil, and crushers are keeping supplies well bid.

- Date: 2022-01-06 · published 2022-01-06T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/43246-ice-weekly-outlook-canola-strength-shows-no-signs-of-fading-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong canola prices driven by tight supply and crusher demand support canola meal values and raise input costs for Canadian feed buyers.

## Read by commodity

- SBO: neutral
- CANMEAL: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/ice-weekly-outlook-canola-strength-shows-no-signs-of-fading

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