# Canadian canola futures rebound - Markets - Business Recorder

> ICE canola futures rebounded on Friday from two days of declines to hit a bounce, with November canola up C$3.30 to C$486.30 per tonne. Chicago soybean futures fell as tropical storms in the US Gulf raised hopes of Midwest rain, while US soyoil rose.

- Date: 2020-08-24 · published 2020-08-24T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/51706-canadian-canola-futures-rebound-markets-business-recorder
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Canola and soy prices are moving on weather expectations and bargain buying rather than a major new supply shift, so feed meal prices are likely to see only modest direction changes.

## Read by commodity

- SOY: bearish ▼
- CANMEAL: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40014244

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