# Canola holds despite China worries | The Western Producer

> ICE canola futures closed stronger despite ongoing concerns that China-Canada tensions are curbing exports. Canadian Grain Commission data showed canola exports at 4.628 million tonnes, below last year's 5.057 million. Soybean, oil and meal contracts on CBOT also firmed, and China reportedly offered a six-year boost in US imports.

- Date: 2019-01-18 · published 2019-01-18T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/61072-canola-holds-despite-china-worries-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower Canadian export pace signals weaker external demand for canola, but support from the soy complex and US-China deal hopes limit downside for canola and meal prices.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: neutral

## Sources

- producer.com: https://www.producer.com/daily/canola-holds-despite-china-worries/

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