# ICE weekly outlook: Canola values steady after losses - Grainews

> Canola futures traded between C$461 and C$470 midweek after falling over $8 on Monday on coronavirus demand worries. Crush margins stayed strong and the weaker Canadian dollar gave support, while the July-November spread signalled heavy new-crop stocks.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/55191-ice-weekly-outlook-canola-values-steady-after-losses-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Strong crush margins support meal output, while coronavirus-driven demand fears and high carryout stocks cap canola prices.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-values-steady-after-losses/

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