# ICE weekly outlook: Canola stuck in winter slump - AgCanada

> ICE canola has entered a winter lull with little driving the market, according to traders. Canola weakened for a week as the Canadian dollar rose above 75 US cents. Traders suspect Chinese reluctance to buy Canadian canola following the Meng Wanzhou arrest, while soy rallied on US-China trade hopes and Brazil dryness.

- Date: 2019-01-10 · published 2019-01-10T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/61077-ice-weekly-outlook-canola-stuck-in-winter-slump-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak buying interest and a stronger Canadian dollar pressure canola prices lower, while meal strength supports crush margins.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/ice-weekly-outlook-canola-stuck-in-winter-slump

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