# ICE weekly outlook: WASDE spillover boosts canola - AgCanada

> Canola futures rose after the January WASDE cut US soybean, corn and wheat ending stocks, with March canola closing up C$14.10 at C$686.90 per tonne, a contract high. An analyst warned canola may soon become more price-sensitive.

- Date: 2021-01-14 · published 2021-01-14T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/49257-ice-weekly-outlook-wasde-spillover-boosts-canola-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Spillover from USDA cuts to US grain stocks lifted canola to new highs, which raises canola meal costs for feed buyers. Tight global oilseed supplies keep the price outlook firm.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-02-09 | [ICE weekly outlook: No independent strength left in canola - AgCanada](https://feedsoft.ai/events/42683-ice-weekly-outlook-no-independent-strength-left-in-canola-agcanada.md) | -1.1% | +7.5% |
| SOY | 2020-12-10 | [CBOT weekly outlook: Some surprises in USDA's WASDE - AgCanada](https://feedsoft.ai/events/49579-cbot-weekly-outlook-some-surprises-in-usda-s-wasde-agcanada.md) | +2.2% | +18.8% |
| SOY | 2020-11-13 | [ICE weekly outlook: Bull market in canola's grasp - Grainews](https://feedsoft.ai/events/50254-ice-weekly-outlook-bull-market-in-canola-s-grasp-grainews.md) | +3.6% | +2.1% |
| SOY | 2023-10-12 | [CBOT weekly outlook: Markets react bullishly to USDA report - AgCanada](https://feedsoft.ai/events/33588-cbot-weekly-outlook-markets-react-bullishly-to-usda-report-agcanada.md) | +4.7% | +7.7% |
| SOY | 2025-05-12 | [Canada Know-Risk Market Outlook \| WASDE Friendly Corn and Soybeans, Bearish Wheat](https://feedsoft.ai/events/24609-canada-know-risk-market-outlook-wasde-friendly-corn-and-soybeans-bearish-wheat.md) | +0.6% | +1.1% |
| CORN | 2020-11-13 | [ICE weekly outlook: Bull market in canola's grasp - Grainews](https://feedsoft.ai/events/50254-ice-weekly-outlook-bull-market-in-canola-s-grasp-grainews.md) | +10.6% | +9.7% |
| CORN | 2023-10-12 | [CBOT weekly outlook: Markets react bullishly to USDA report - AgCanada](https://feedsoft.ai/events/33588-cbot-weekly-outlook-markets-react-bullishly-to-usda-report-agcanada.md) | -0.4% | -1.5% |
| CORN | 2025-05-12 | [Canada Know-Risk Market Outlook \| WASDE Friendly Corn and Soybeans, Bearish Wheat](https://feedsoft.ai/events/24609-canada-know-risk-market-outlook-wasde-friendly-corn-and-soybeans-bearish-wheat.md) | +0.0% | +1.9% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/ice-weekly-outlook-wasde-spillover-boosts-canola

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