# ICE weekly outlook: Canola looks to soyoil wildcard - Grainews

> ICE canola traded in a wide range over the week, with analyst Ken Ball saying soyoil is the wildcard. He cited tightening US soyoil stocks, lower vegetable oil yields, stable biofuel policy and proposed tariffs on Argentine and Indonesian biodiesel.

- Date: 2017-11-16 · published 2017-11-16T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/68075-ice-weekly-outlook-canola-looks-to-soyoil-wildcard-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected US biodiesel demand for soyoil would tighten supplies and could lift canola if soyoil strengthens, while palm oil weakness limits upside.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: neutral
- PALMOIL: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-looks-to-soyoil-wildcard/

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