# ICE weekly outlook: Canola market establishing a base - Grainews

> ICE canola futures are trading near their lowest levels in more than a year. Analyst Mike Jubinville sees possible support near C$475 per tonne, with a modest bounce possible as North American harvest pressure eases.

- Date: 2018-11-08 · published 2018-11-08T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/62149-ice-weekly-outlook-canola-market-establishing-a-base-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak soybean prices and the US-China trade dispute weigh on canola, though reported Chinese demand may limit further downside.

## Read by commodity

- SOY: bearish ▼
- CANMEAL: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-market-establishing-a-base/

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