# ICE canola futures rise, lagging rapeseed gains - Markets - Business Recorder

> ICE canola futures rose on January 27 but lagged European rapeseed gains as the market viewed canola as overpriced. March canola gained to C$1,007.10 per tonne as US soybeans hit a seven-month high on concern about a smaller South American crop.

- Date: 2022-01-29 · published 2022-01-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/43248-ice-canola-futures-rise-lagging-rapeseed-gains-markets-business-recorder
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Canola is tracking soybean strength tied to South American supply worries, which supports canola meal and oil values for feed buyers.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40150635

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