# ICE weekly outlook: More losses likely for bearish canola - Manitoba Co-operator

> ICE Futures Canada canola contracts posted large losses in the week ended May 24, with the new-crop November contract breaking below $488 per tonne. Analysts see a possible move to $478 amid weak global markets following Moody's downgrade of China, though Western Canada planting problems offer some support.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/70961-ice-weekly-outlook-more-losses-likely-for-bearish-canola-manitoba-co-operator
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Technical selling and macro weakness are pressuring canola, while planting delays in Alberta and Saskatchewan could limit further downside.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/ice-weekly-outlook-more-losses-likely-for-bearish-canola/

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