# ICE weekly outlook: Canola braces for turbulence - Grainews

> ICE canola's July contract opened at $524.10 a tonne, at the low end of its range since mid-March, with technical support holding prices. Analysts expect trade tensions and weather to drive volatility this summer, with possible old-crop liquidation pressure between late May and late June. Chinese demand could support prices while the US and China remain in a tariff dispute.

- Date: 2018-06-07 · published 2018-06-07T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64505-ice-weekly-outlook-canola-braces-for-turbulence-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Trade and weather uncertainty raise volatility in canola and its meal, with the timing of farmer selling and speculative liquidation a key price risk for feed buyers.

## Read by commodity

- CANMEAL: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-braces-for-turbulence/

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