# ICE weekly outlook: Canola watching U.S./China spat - Grainews

> ICE canola futures rose over the past week as a China-U.S. trade dispute unfolded, with proposed Chinese tariffs on U.S. soybeans weighing on Chicago futures. The Vancouver cash basis widened sharply as China appeared to buy ahead.

- Date: 2018-04-05 · published 2018-04-05T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/65472-ice-weekly-outlook-canola-watching-u-s-china-spat-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected Chinese diversion from U.S. soybeans to Canadian canola supports canola prices and meal values, while Chicago soybean weakness pressures U.S. soy complex prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-20 | [ICE weekly outlook: Canola seeks rain amid market turmoil \| Farmtario](https://feedsoft.ai/events/64499-ice-weekly-outlook-canola-seeks-rain-amid-market-turmoil-farmtario.md) | -2.4% | -5.3% |
| SOY | 2019-03-22 | [U.S. grains: Corn up on China buying, flood worries - Grainews](https://feedsoft.ai/events/9642-u-s-grains-corn-up-on-china-buying-flood-worries-grainews.md) | -2.3% | -3.3% |
| SOY | 2018-04-09 | [Canada Bets Big on Canola Amid China-U.S. Spat - Bloomberg](https://feedsoft.ai/events/65471-canada-bets-big-on-canola-amid-china-u-s-spat-bloomberg.md) | +2.0% | -0.6% |
| SOY | 2020-05-02 | [U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews](https://feedsoft.ai/events/53163-u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china-grainews.md) | +0.2% | -0.8% |
| SOY | 2018-08-10 | [China expects its U.S. agricultural imports to fall sharply - Grainews](https://feedsoft.ai/events/63520-china-expects-its-u-s-agricultural-imports-to-fall-sharply-grainews.md) | -0.3% | -6.3% |
| SBM | 2018-08-10 | [China expects its U.S. agricultural imports to fall sharply - Grainews](https://feedsoft.ai/events/63520-china-expects-its-u-s-agricultural-imports-to-fall-sharply-grainews.md) | +0.2% | -5.9% |
| SBM | 2025-06-02 | [U.S. grains: Soybeans fall to seven-week low; corn eases, wheat climbs - Grainews](https://feedsoft.ai/events/10946-u-s-grains-soybeans-fall-to-seven-week-low-corn-eases-wheat-climbs-grainews.md) | -0.1% | -8.0% |
| SBM | 2021-08-26 | [China’s Soy Crush Slips \| Feed & Grain](https://feedsoft.ai/events/45646-china-s-soy-crush-slips-feed-and-grain.md) | -2.1% | -2.1% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-watching-u-s-china-spat/

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