# Canola mixed amid China rumours | The Western Producer

> ICE canola futures finished mixed on Tuesday, with nearby contracts firmer on short covering. Rumours of China increasing Canadian canola imports circulated but were not confirmed. Soybean futures rose after USDA prospective plantings data showed acreage slightly below expectations.

- Date: 2020-03-31 · published 2020-03-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/54112-canola-mixed-amid-china-rumours-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Price action was driven mainly by short-term positioning and unconfirmed rumours, so the signal for canola meal is limited. The USDA planting and stocks figures add some support to soybean complex values.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: neutral

## Sources

- producer.com: https://www.producer.com/daily/canola-mixed-amid-china-rumours/

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