# ICE Closing Review: Canola follows vegetable oils down

> ICE canola futures fell on Wednesday, following lower vegetable oils, with the November contract at C$772.00 per tonne, down C$9.00. CBOT soybean oil closed at 65.97 cents per pound, down 0.76 cents, and soybean meal at US$348.30 per short ton, down 0.40.

- Date: 2026-10-22 · published 2026-10-22T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/549-ice-closing-review-canola-follows-vegetable-oils-down
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weakness in vegetable oils and crude oil pressures canola and soyoil prices, while Canada's slightly lower ending-stock estimate provides only minor support.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼
- SOY: neutral
- WTI: bearish ▼
- CORN: neutral
- CANMEAL: neutral

## Sources

- producer.com: https://www.producer.com/market-update/ice-closing-review-canola-follows-vegetable-oils-down/

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