# Canadian canola futures rise - Markets - Business Recorder

> ICE canola futures rose on June 18 as unfavorable weather in Western Canada, including drought in some areas and excess rain in others, raised concerns about crop damage. Farmers were reported holding stocks while focused on fieldwork. Most-active November canola gained C$1 to C$475.90 per tonne.

- Date: 2020-06-20 · published 2020-06-20T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/52725-canadian-canola-futures-rise-markets-business-recorder
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weather risk to Canadian canola and farmer stock holding support prices, which raises the cost of canola meal for feed buyers.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/1005949

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