# ICE weekly outlook: Rangebound canola vulnerable to losses | Farmtario

> ICE January 2020 canola futures fell during the week ended Wednesday, settling at C$462.40 per tonne after a session low of C$457.10. Analysts see the market rangebound with downside risk toward C$455 and C$447 support, while a possible US-China trade deal offers limited support via soybean spillover.

- Date: 2019-10-23 · published 2019-10-23T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56546-ice-weekly-outlook-rangebound-canola-vulnerable-to-losses-farmtario
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower futures and limited expected Chinese buying point to weaker canola prices, while domestic crusher margins may support local basis bids.

## Read by commodity

- SOY: neutral
- CANMEAL: bearish ▼

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-outlook-rangebound-canola-vulnerable-to-losses/

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