# ICE canola weekly outlook: More upside possible | The Western Producer

> ICE March canola settled at C$650.20 per tonne on January 28, up about C$50 from December lows. An analyst sees potential upside to C$660 and C$670 while noting that geopolitics, tariffs and US biofuel policy could reverse prices.

- Date: 2026-01-28 · published 2026-01-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9484-ice-canola-weekly-outlook-more-upside-possible-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Technical momentum and China's return to the market support canola prices, but the outlook depends on outside catalysts such as tariffs and US biofuel policy. Feed buyers should watch these risks.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Sources

- producer.com: https://www.producer.com/daily/ice-canola-weekly-outlook-more-upside-possible/

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