# ICE weekly outlook: Canola values could fall further - Grainews

> A PI Financial analyst expects ICE canola futures to drift toward the low end of their multi-month range, with a $10-15 per tonne decline possible. He said the 2019 Statistics Canada crop estimate of 18.6 million tonnes matters less than demand, and that the latest USDA report had almost no price effect.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/55674-ice-weekly-outlook-canola-values-could-fall-further-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A forecast of lower canola futures reflects weak export demand while China's import ban persists. Lower canola values weigh on canola meal pricing for feed buyers.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-values-could-fall-further/

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