# ICE weekly outlook: Rising canola watching weather - Grainews

> ICE Futures Canada canola contracts rose during the week ended April 26 as weather concerns mounted across the Canadian Prairies. Persistent cool, wet conditions could delay planting, and tightening old-crop supplies add support.

- Date: 2017-04-26 · published 2017-04-26T12:00:00.000Z
- Category: weather · region Canada · magnitude low
- Page: https://feedsoft.ai/events/71595-ice-weekly-outlook-rising-canola-watching-weather-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Planting delays and tighter old-crop canola supplies support higher canola prices, while a weak U.S. soybean outlook caps gains; resistance is seen around $530-540 per tonne.

## Read by commodity

- SOY: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-12 | [ICE weekly outlook: Pressure builds on canola as yield outlooks vary - Grainews](https://feedsoft.ai/events/63008-ice-weekly-outlook-pressure-builds-on-canola-as-yield-outlooks-vary-grainews.md) | -0.8% | +5.2% |
| SOY | 2018-07-19 | [ICE weekly outlook: Dry weather keeping canola from more downside - AgCanada](https://feedsoft.ai/events/64127-ice-weekly-outlook-dry-weather-keeping-canola-from-more-downside-agcanada.md) | +2.2% | +1.8% |
| SOY | 2026-06-02 | [Chicago grain falls as US weather lifts crop outlook - Markets - Business Recorder](https://feedsoft.ai/events/10648-chicago-grain-falls-as-us-weather-lifts-crop-outlook-markets-business-recorder.md) | -5.5% | -5.4% |
| SOY | 2018-06-12 | [Weather forecast: Summer Corn Belt weather outlook seen as promising \| 2018-06-12  \| Food Business News](https://feedsoft.ai/events/64464-weather-forecast-summer-corn-belt-weather-outlook-seen-as-promising-2018-06-12.md) | -4.7% | -10.6% |
| SOY | 2025-08-21 | [Weather Outlook for 2025 Harvest \| Corteva Agriscience](https://feedsoft.ai/events/13066-weather-outlook-for-2025-harvest-corteva-agriscience.md) | +1.2% | +2.2% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/ice-weekly-outlook-rising-canola-watching-weather/

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