# ICE Closing Review: Canola looking for direction - MarketsFarm

> ICE canola contracts closed mostly lower on June 27 in new-crop months, with the November contract down 1.80 C$/tonne. A rise in the Canadian dollar triggered a sell-off, and the market then stabilized with limited direction.

- Date: 2019-06-27 · published 2019-06-27T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/58696-ice-closing-review-canola-looking-for-direction-marketsfarm
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stronger Canadian dollar makes Canadian canola more expensive for export buyers, which weighs on canola meal prices and export competitiveness.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- marketsfarm.com: https://marketsfarm.com/ice-closing-review-canola-looking-for-direction/

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