# ICE weekly outlook: Canola looks to stay below $500 - Manitoba Co-operator

> ICE canola contracts posted losses in the week ended June 14, with the November contract falling C$7.80 to C$489.60. Rains across Manitoba and eastern Saskatchewan and a firmer Canadian dollar weighed on prices, while funds were net short.

- Date: 2017-06-14 · published 2017-06-14T12:00:00.000Z
- Category: weather · region Canada · magnitude low
- Page: https://feedsoft.ai/events/70599-ice-weekly-outlook-canola-looks-to-stay-below-500-manitoba-co-operator
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Improved moisture reduces weather risk premium in canola, and a stronger loonie makes Canadian canola costlier for export buyers, pressuring prices lower unless dry weather returns.

## Read by commodity

- USDCAD: bearish ▼
- CANMEAL: bearish ▼

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/ice-weekly-outlook-canola-looks-to-stay-below-500/

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