# ICE weekly outlook: Canola at mercy of U.S. soy | Farmtario

> ICE canola prices are tracking CBOT soybeans higher ahead of the G20 meeting between Xi and Trump, with soyoil rallying but palm oil lagging. The Canadian dollar has weakened, supporting canola contracts, and Statistics Canada's crop production report is due the following week.

- Date: 2018-11-28 · published 2018-11-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/62128-ice-weekly-outlook-canola-at-mercy-of-u-s-soy-farmtario
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Canola follows soybean and soyoil moves on trade hopes, so any collapse in US-China talks would likely pull canola and vegetable oil prices back down.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- AUDUSD: neutral
- USDCAD: bullish ▲
- CANMEAL: bullish ▲

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-outlook-canola-at-mercy-of-u-s-soy/

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