# ICE weekly outlook: Canola waits for stocks report - Grainews

> ICE canola futures were choppy ahead of Statistics Canada's March 31 canola stocks report, with analysts expecting estimates between 4.8 and 6.9 million tonnes. The Canadian dollar was weakening, and some analysts warned supplies could run out before new crop arrives.

- Date: 2017-05-03 · published 2017-05-03T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/71111-ice-weekly-outlook-canola-waits-for-stocks-report-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stocks figure near the low end of expectations would tighten canola supply and support prices, while a high figure would weigh on the market.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-canola-waits-for-stocks-report/

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