# ICE canola futures bounce - Markets - Business Recorder

> ICE canola futures rose on May 27, ending a long losing streak as buyers took advantage of recent weakness. Most-active November gained $25.30 to $716.60 a tonne after rains lifted expectations for the next Canadian harvest. Export demand had weakened after July canola topped $1,000 a tonne earlier in the month.

- Date: 2021-05-28 · published 2021-05-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/47213-ice-canola-futures-bounce-markets-business-recorder
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Improved rain and crop prospects in Canada weigh on new-crop oilseed prices, which can ease costs for canola meal buyers. Renewed buying from short-covering limits the downside.

## Sources

- brecorder.com: https://www.brecorder.com/news/40096103

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