# ICE weekly outlook: Bull market in canola's grasp - Grainews

> Canola futures rallied after the November USDA WASDE cut US soybean and corn yields, slashing soybean ending stocks by about 34.5% to 190 million bushels and corn stocks by 21.5%. Canola rose nearly $10 per tonne in its January contract on the spillover. An analyst warned that demand could eventually crack and push prices lower.

- Date: 2020-11-13 · published 2020-11-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/50254-ice-weekly-outlook-bull-market-in-canola-s-grasp-grainews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower US soybean and corn stocks tighten global oilseed and feed supply, supporting canola, soymeal and corn values for feed buyers. The warning of a demand crack suggests the rally may be vulnerable.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-14 | [ICE weekly outlook: WASDE spillover boosts canola - AgCanada](https://feedsoft.ai/events/49257-ice-weekly-outlook-wasde-spillover-boosts-canola-agcanada.md) | +0.7% | +4.0% |
| 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 | 2024-12-31 | [2025 Soybean Outlook: Well-supplied market pressures prices – AgriNews](https://feedsoft.ai/events/27016-2025-soybean-outlook-well-supplied-market-pressures-prices-agrinews.md) | +1.4% | +5.5% |
| CORN | 2019-07-29 | [Wheat Market Outlook – July 29th, 2019 \| Sask Wheat](https://feedsoft.ai/events/58135-wheat-market-outlook-july-29th-2019-sask-wheat.md) | -0.6% | -10.6% |
| CORN | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | -2.1% | +1.5% |
| SOY | 2021-01-14 | [ICE weekly outlook: WASDE spillover boosts canola - AgCanada](https://feedsoft.ai/events/49257-ice-weekly-outlook-wasde-spillover-boosts-canola-agcanada.md) | -2.9% | -3.1% |
| 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 | 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% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-bull-market-in-canolas-grasp/

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