# ICE weekly outlook: Canola flat, awaiting spark - AgCanada

> ICE Futures Canada canola contracts traded within a narrow $5 range over the past week without significant fundamental news. An analyst expects a rally in late 2017 or early 2018, and sees prices trading above $500 in November futures by end of October if they hold near current levels. Watched factors include the Canadian dollar, the US soybean harvest and Brazilian weather.

- Date: 2017-10-04 · published 2017-10-04T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/68581-ice-weekly-outlook-canola-flat-awaiting-spark-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A flat market with no new supply or demand catalyst suggests prices will hold near current levels until a fresh driver emerges. Canola is not in the symbol list, so no commodity direction is assigned.

## Sources

- agcanada.com: https://www.agcanada.com/daily/ice-weekly-outlook-canola-flat-awaiting-spark

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