# ICE Morning Commentary: ICE Canola Continues to Turn Lower

> ICE canola futures continued lower Friday morning as Chicago soybean oil, European rapeseed and Malaysian palm oil weakened overnight. The Canadian dollar also fell after October employment data showed job losses and a higher unemployment rate.

- Date: 2026-11-06 · published 2026-11-06T18:10:54.037Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/84454-ice-morning-commentary-ice-canola-continues-to-turn-lower
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower competing-oil prices can pressure canola oil and related meal values, while a weaker Canadian dollar supports export competitiveness and cushions the decline.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- ca.marketscreener.com: https://ca.marketscreener.com/news/ice-morning-commentary-ice-canola-continues-to-turn-lower-ce785fd2db8df425

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