# ICE weekly outlook: Canola set to chop around bottom end of long-term range - Grainews

> ICE canola futures face volatility from Canada-US trade talks, a looming Statistics Canada production report, and Canadian dollar swings. Trade guesses for Canadian canola output ranged from 18.1 to 21.3 million tonnes, and analysts see record US soybean harvest prospects limiting upside.

- Date: 2018-08-29 · published 2018-08-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/63633-ice-weekly-outlook-canola-set-to-chop-around-bottom-end-of-long-term-range
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Uncertainty over the StatsCan estimate and a potentially record US soybean crop point to a capped canola outlook, with currency moves adding volatility for feed buyers.

## Read by commodity

- SOY: bearish ▼
- USDCAD: neutral
- CANMEAL: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-set-to-chop-around-bottom-end-of-long-term-range/

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