# ICE weekly outlook: Canola seeks rain amid market turmoil | Farmtario

> ICE Futures Canada canola fell to $500 a tonne for November contracts on June 19, down from $528 on June 1, as trade war rhetoric and turmoil in grain markets pressured prices. Funds are net short after the selloff, while Chinese buying of canola oil and seed and slow farmer selling provide some support. Statistics Canada releases acreage estimates on June 29.

- Date: 2018-06-20 · published 2018-06-20T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/64499-ice-weekly-outlook-canola-seeks-rain-amid-market-turmoil-farmtario
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Trade-war uncertainty and fund short positioning are pressuring canola, a key meal source for feed buyers; Chinese demand and a weaker Canadian dollar offer partial offset ahead of the acreage report.

## Read by commodity

- SOY: bearish ▼
- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-04-05 | [ICE weekly outlook: Canola watching U.S./China spat - Grainews](https://feedsoft.ai/events/65472-ice-weekly-outlook-canola-watching-u-s-china-spat-grainews.md) | +3.2% | +1.7% |
| SOY | 2024-11-12 | [Canada Know-Risk Market Outlook \| Tariff Threats Sink Grains](https://feedsoft.ai/events/12339-canada-know-risk-market-outlook-tariff-threats-sink-grains.md) | -0.2% | -1.7% |
| SOY | 2025-03-18 | [Tariffs impact on grain market outlooks for Australian crops \| Stock Journal \| SA](https://feedsoft.ai/events/25643-tariffs-impact-on-grain-market-outlooks-for-australian-crops-stock-journal-sa.md) | -0.8% | +2.6% |
| SOY | 2025-09-08 | [Market Update for Rapeseed & Canola 08th of September 2025](https://feedsoft.ai/events/22995-market-update-for-rapeseed-and-canola-08th-of-september-2025.md) | +1.9% | +1.1% |
| SOY | 2019-04-26 | [Grain market week in review - April 26, 2019](https://feedsoft.ai/events/10959-grain-market-week-in-review-april-26-2019.md) | -3.3% | -4.4% |

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-outlook-canola-seeks-rain-amid-market-turmoil/
- agcanada.com: https://www.agcanada.com/daily/ice-weekly-outlook-canola-seeks-rain-amid-market-turmoil

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