# ICE weekly outlook: Canola bearish with or without China - Grainews

> ICE canola contracts corrected modestly but the longer-term trend remains lower due to large old-crop supplies and uncertain exports. Analysts say the market was already bearish before the China dispute, citing South American harvest pressure and large US soybean supplies.

- Date: 2019-04-03 · published 2019-04-03T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/59688-ice-weekly-outlook-canola-bearish-with-or-without-china-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy old-crop stocks and weak export outlook keep canola and related meal under downward pressure, with a China deal providing only limited upside.

## Read by commodity

- SOY: neutral
- CANMEAL: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-bearish-with-or-without-china/

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