# ICE weekly outlook: ICE canola could go lower still - Grainews

> ICE canola hit yearly lows on October 31, with the January contract closing at C$486 per tonne. A trader said the market could fall further. Record producer deliveries during harvest and the U.S.-China trade dispute are weighing on oilseeds.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/62529-ice-weekly-outlook-ice-canola-could-go-lower-still-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Record harvest deliveries and trade-war pressure keep canola meal and oilseed prices under downward pressure. Selling is expected to slow as harvest finishes, which may limit further losses.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-ice-canola-could-go-lower-still/

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