# ICE Canola Midday: Still on the Rise

> ICE canola futures rose modestly late Monday morning, supported by gains in Chicago soybean oil, while steep crude oil losses weighed on other vegetable oils and soybean and meal prices. Traders were positioning ahead of the USDA supply-and-demand estimates, with an analyst expecting higher soybean and corn yield forecasts and few other major surprises.

- Date: 2026-11-09 · published 2026-11-09T18:05:46.980Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/89833-ice-canola-midday-still-on-the-rise
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The advance was mainly spillover from soybean oil rather than a new change in canola supply or demand, while weaker crude oil pressured competing vegetable oils. The report positioning may add volatility, but the article indicates no major surprise was expected.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼
- CANMEAL: neutral
- PALMOIL: bearish ▼

## Sources

- marketscreener.com: https://www.marketscreener.com/news/ice-canola-midday-still-on-the-rise-ce785fd3df8af426

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