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ICE Review: Canola Hits Three-Month Lows

Grade Bbearish AI signal$CANOLA
ICE canola futures hit fresh three-month lows on Tuesday, with January contracts falling C$6.90 to C$781.80 per tonne. Bearish technical signals raised the possibility of a further decline toward major support around C$750 per tonne, while weakness in soybeans, European rapeseed and Malaysian palm oil added selling pressure. Continued technical weakness and spillover selling could push canola futures closer to the C$750 support level.

Bullish strength: 20/100

  • The completion of the canola harvest across most of Western Canada is limiting farmer selling pressure.
  • Chicago soyoil held onto small gains despite broader oilseed market weakness.

Bearish strength: 80/100

  • January canola futures fell C$6.90 to C$781.80 per tonne.
  • Canola futures reached fresh three-month lows.
  • Bearish technical signals point to possible further downside toward C$750 support.
  • Weakness in Chicago soybeans, European rapeseed and Malaysian palm oil contributed to spillover selling pressure.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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