# Canadian canola futures rise - Markets - Business Recorder

> ICE Canadian canola futures rose on Wednesday, with November gaining C$1.40 to C$485.40 per tonne, as soyoil prices rallied. Traders said spreaders were selling canola and buying soyoil, which limited canola's gains, and a stronger Canadian dollar added pressure.

- Date: 2020-08-13 · published 2020-08-13T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/51708-canadian-canola-futures-rise-markets-business-recorder
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Canola's gains were capped by spread selling and currency strength, so the price move is modest and mainly tied to soyoil, leaving the meal outlook largely unchanged for feed buyers.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40012041

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