# ICE weekly outlook: Canola looks to rise with commercial interest | Farmtario

> ICE Futures Canada canola contracts finished mixed in the week ended April 12 as traders rolled from the May contract into deferred months. The May contract gained $5.70, helped by reports of tightening canola supplies across Western Canada. Analysts said cash basis levels have improved and that growers are wary of expanding canola acres further.

- Date: 2017-04-12 · published 2017-04-12T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/71489-ice-weekly-outlook-canola-looks-to-rise-with-commercial-interest-farmtario
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tightening spot supplies and improving basis support nearby canola prices, while the commercial interest in deferred contracts suggests expected future supply. This is routine market commentary with no new external cause.

## Sources

- farmtario.com: https://farmtario.com/daily/ice-weekly-outlook-canola-looks-to-rise-with-commercial-interest/

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