# ICE weekly outlook: Canola bids 'not too bad' | Farmtario

> ICE Futures Canada canola May contract hit a high of C$530.50 per tonne on March 5 before falling to C$511.50 and settling at C$518.40 on March 14. Analyst David Derwin said cash bids near C$11 per bushel are favourable and recommended producers hedge some new-crop sales.

- Date: 2018-03-14 · published 2018-03-14T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65973-ice-weekly-outlook-canola-bids-not-too-bad-farmtario
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Volatile futures with cash bids holding near C$11 per bushel signal a firm floor for Canadian canola, and the currency's weakness is also supporting farmgate values.

## Read by commodity

- CANMEAL: neutral

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-outlook-canola-bids-not-too-bad/

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