# ICE weekly outlook: Canola enjoying broad-based support - Grainews

> ICE canola futures gained after the U.S. Commerce Department imposed antidumping duties on Argentine and Indonesian biodiesel, which lifted U.S. soyoil. Snowfall in northern Alberta is slowing harvest, and rain in northern Brazil eased dryness concerns for soybeans.

- Date: 2017-10-25 · published 2017-10-25T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/68551-ice-weekly-outlook-canola-enjoying-broad-based-support-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Support for soyoil from biodiesel duties spills over to canola, and Brazilian rain may raise global oilseed output, limiting upside.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-07-02 | [ICE Weekly: Trade talks, weather lifting canola prices - Grainews](https://feedsoft.ai/events/23873-ice-weekly-trade-talks-weather-lifting-canola-prices-grainews.md) | +1.1% | +2.9% |
| SBO | 2024-07-03 | [ICE Weekly: ‘Soyoil scare’ fuels canola’s comeback - Grainews](https://feedsoft.ai/events/12750-ice-weekly-soyoil-scare-fuels-canola-s-comeback-grainews.md) | +4.4% | +0.2% |
| SBO | 2023-11-17 | [U.S. goes on canola oil buying spree \| The Western Producer](https://feedsoft.ai/events/33174-u-s-goes-on-canola-oil-buying-spree-the-western-producer.md) | +1.2% | -1.6% |
| SBO | 2021-10-15 | [Soybeans supported by recent export sales - Brownfield Ag News](https://feedsoft.ai/events/44416-soybeans-supported-by-recent-export-sales-brownfield-ag-news.md) | +3.6% | -0.9% |
| SBO | 2019-10-08 | [Canadian canola exporters look to EU biofuel market](https://feedsoft.ai/events/56541-canadian-canola-exporters-look-to-eu-biofuel-market.md) | -0.4% | +6.2% |
| SOY | 2026-04-02 | [Weekly pig outlook: Lean hog futures prices decrease
						 \| The Pig Site](https://feedsoft.ai/events/19871-weekly-pig-outlook-lean-hog-futures-prices-decrease-the-pig-site.md) | -0.3% | +1.2% |
| SOY | 2024-11-01 | [U.S. grains: Corn ticks up on export demand, easing harvest pressure - Grainews](https://feedsoft.ai/events/27421-u-s-grains-corn-ticks-up-on-export-demand-easing-harvest-pressure-grainews.md) | +3.4% | +0.7% |
| SOY | 2023-10-02 | [Sorghum, soybean export inspections up on week - Brownfield Ag News](https://feedsoft.ai/events/33685-sorghum-soybean-export-inspections-up-on-week-brownfield-ag-news.md) | -0.7% | +1.7% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-enjoying-broad-based-support/

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