# ICE canola futures rise as heat stresses European rapeseed crop By Reuters

> ICE canola futures closed higher on July 24, 2019, with November contracts up $2.70 to C$450.20 per tonne after a second heat wave hit northern Europe. Soybean futures also gained on US crop weather and hopes for revived US-China trade talks.

- Date: 2019-07-24 · published 2019-07-24T12:00:00.000Z
- Category: weather · region Europe · magnitude low
- Page: https://feedsoft.ai/events/58207-ice-canola-futures-rise-as-heat-stresses-european-rapeseed-crop-by-reuters
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Heat stress on European rapeseed could reduce EU supply and lift demand for Canadian canola exports, supporting canola meal and seed prices.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- ca.investing.com: https://ca.investing.com/news/commodities-news/ice-canola-futures-rise-as-heat-stresses-european-rapeseed-crop-1925428

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