# ICE Canola Tumbles to Previous Depths

> ICE canola futures posted solid declines, testing lows last seen in August after crude oil retreated despite an overnight rise following a US strike on Iran's Qeshm Island. Chicago soyoil fell to its lowest level since late June, while European rapeseed and Malaysian palm oil turned sharply lower. An analyst said January canola could test a July low near C$760 per tonne if vegetable oils keep weakening.

- Date: 2026-11-03 · published 2026-11-03T18:07:20.119Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/78078-ice-canola-tumbles-to-previous-depths
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower crude oil weakens the biofuel link that supports vegetable oils, and softer soyoil and palm oil reduce oil-based feed economics. Canola meal values are pressured as oilseed complex prices fall.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼

## Sources

- sa.marketscreener.com: https://sa.marketscreener.com/news/ice-canola-tumbles-to-previous-depths-ce785fdedb8ff027

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