# ICE Canada Morning Comment: Canola continuing to fall back - Grainews

> ICE canola futures traded lower on Wednesday, with November contracts at C$772.00 per tonne, down C$9.00. Losses in vegetable oils, including soy complex, palm oil and rapeseed, weighed on canola, and AAFC trimmed its 2026-27 carryover projection by 11,000 tonnes to 1.97 million tonnes.

- Date: 2026-10-21 · published 2026-10-21T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/547-ice-canada-morning-comment-canola-continuing-to-fall-back-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower vegetable oil values and weaker canola futures reduce canola meal and oil prices, while a modest carryover trim offers limited support.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/market-update/ice-canada-morning-comment-canola-continuing-to-fall-back/

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