# ICE Closing Review: Canola slips to end week | The Western Producer

> New-crop canola on ICE closed lower on Friday, pulled down by losses in related oils despite a soyoil gain. Crude oil fell nearly US$3 per barrel after easing U.S.-Iran supply and geopolitical concerns, even though a vessel was attacked off Oman. Canadian exports for the week ended June 21 dropped sharply from the prior week.

- Date: 2026-06-26 · published 2026-06-26T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/6672-ice-closing-review-canola-slips-to-end-week-the-western-producer
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude reduces the energy-linked bid for vegetable oils and pressures canola settlements. Weak weekly export shipments add to the bearish tone heading into the acreage report.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- producer.com: https://www.producer.com/market-update/ice-closing-review-canola-slips-to-end-week/

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