# ICE weekly outlook: Weather, U.S./China relations influence canola | Farmtario

> Traders are watching western Canadian weather, where drought relief has been uneven and seeding is progressing, along with US-China trade talks that may affect soybean purchases. Analysts say weather will be the key factor over the coming months.

- Date: 2018-05-23 · published 2018-05-23T12:00:00.000Z
- Category: weather · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64994-ice-weekly-outlook-weather-u-s-china-relations-influence-canola-farmtario
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Dry weather in the Prairies could cut canola supply, while a US-China deal could lift soybean demand, both supporting oilseed meal prices.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-01-16 | [Weather Outlook Through Summer 2025 Sees La Nina Losing Influence During Spring](https://feedsoft.ai/events/26409-weather-outlook-through-summer-2025-sees-la-nina-losing-influence-during-spring.md) | +2.2% | -1.2% |
| SOY | 2023-06-22 | [U.S. grains: Soy, corn, wheat rally to multi-month highs on weather concerns \| Farmtario](https://feedsoft.ai/events/35545-u-s-grains-soy-corn-wheat-rally-to-multi-month-highs-on-weather-concerns.md) | -4.2% | -1.3% |
| SOY | 2017-06-29 | [U.S. grains: Spring wheat sets three-year top on weather woes \| Farmtario](https://feedsoft.ai/events/70516-u-s-grains-spring-wheat-sets-three-year-top-on-weather-woes-farmtario.md) | +7.3% | +8.8% |
| SOY | 2017-01-12 | [Weather clouds agricultural outlook in Argentina](https://feedsoft.ai/events/72843-weather-clouds-agricultural-outlook-in-argentina.md) | +6.7% | +4.7% |
| SOY | 2023-07-19 | [Dry weather in Canada is fueling speculative canola prices](https://feedsoft.ai/events/35145-dry-weather-in-canada-is-fueling-speculative-canola-prices.md) | +1.6% | -11.3% |

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-outlook-weather-u-s-china-relations-influence-canola/

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