# ICE weekly outlook: Will canola's bull market continue? - AgCanada

> Canola futures on ICE have rallied through October to new highs, spurred by strong demand, spread unwinding and the spillover from a sharp soy complex jump after USDA's late-September stock reports. Canadian canola exports are running nearly 50% above last year.

- Date: 2020-10-21 · published 2020-10-21T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/50617-ice-weekly-outlook-will-canola-s-bull-market-continue-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Rising canola futures and strong export demand raise the cost of canola meal for feed buyers, and a reversal after harvest pressure fades would be a key risk.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CANMEAL: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/ice-weekly-outlook-will-canolas-bull-market-continue
- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-will-canolas-bull-market-continue/

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