ICE Canada Morning Comment: ICE Canola Futures Weaker
Bullish strength: 25/100
- The canola harvest is in its final stages across most of the Canadian Prairies.
- Nearby technical support is identified around C$771 per tonne.
Bearish strength: 75/100
- The November contract fell C$8.60 to C$820 per tonne.
- The contract dropped below its 20-day moving average of C$827.60.
- Soybean market weakness, steady farmer deliveries, and softer European rapeseed and Malaysian palm oil weighed on canola.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.