# Canola futures pressured following month of gains - Manitoba Co-operator

> ICE canola futures pulled back in the week ended November 26 after gaining about $50 per ton during November. Weakness in palm oil and European rapeseed weighed on prices, while India's cut in crude palm oil import duties offered some support.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/49752-canola-futures-pressured-following-month-of-gains-manitoba-co-operator
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Routine futures movement with mixed vegetable oil signals; India's lower palm oil duty could boost import demand and support vegetable oil and canola values.

## Read by commodity

- CANMEAL: neutral
- PALMOIL: bullish ▲

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/canola-futures-pressured-following-month-of-gains/

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