# ICE weekly outlook: Analyst sees canola spike late next month - AgCanada

> Winnipeg analyst Wayne Palmer expects ICE canola to break above $900 per tonne, with the biggest moves likely in late October. He cites drought, below-average US yields, and end-users buying ahead of harvest completion. European rapeseed and Malaysian palm oil have hit new contract highs.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/45188-ice-weekly-outlook-analyst-sees-canola-spike-late-next-month-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Drought-driven supply concerns and strong rival oilseed prices support canola meal, although a stronger US dollar is a headwind.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/ice-weekly-outlook-analyst-sees-canola-spike-late-next-month

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