ICE Review: Canola Drops With Soyoil
Bullish strength: 25/100
- Farmer selling has slowed.
- End-user bargain-hunting provided support beneath the market.
- Canada secured a two-year extension for sales of Canadian canola meal to China.
Bearish strength: 75/100
- Canola futures reached fresh three-month lows.
- Commodity funds continued liquidating long positions.
- Lower crude oil, soyoil, rapeseed and palm oil prices added selling pressure.
- Nearby technical trends were pointing lower.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.