# ICE weekly outlook: Canola looking cheap despite gains | Farmtario

> ICE canola futures have risen, but canola is cheaper to end-users than its product values because crush margins widened to about $90 over futures from $65 a month earlier. Gains were driven by stronger CBOT soymeal and a weaker Canadian dollar. Analysts warn that weak exports could leave canola carryout above two million tonnes.

- Date: 2018-02-28 · published 2018-02-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/66477-ice-weekly-outlook-canola-looking-cheap-despite-gains-farmtario
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Improved crush margins and strong soymeal support canola meal and canola values. Weak exports and heavy carryout still cap the upside.

## Read by commodity

- SBM: bullish ▲
- CANMEAL: bullish ▲

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-outlook-canola-looking-cheap-despite-gains/
- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-looking-cheap-despite-gains/

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