Photo: Greg Berg

ICE canola weekly outlook: Off lows, but sideways trade likely

Canola futures trended higher during the week ended Oct. 15, with the November contract settling above its 20-day moving average for the first time in nearly a month. Optimism over thawing trade relations with China contributed to the gains, although the lack of any concrete movement to end the stiff tariffs on Canadian canola seed or oil tempered the advances.


Bottle of canola oil in a field of canola.

Rising vegetable oil demand may offset bad biofuel news

Global biodiesel/renewable diesel demand for canola oil to slump, but overall vegetable oil demand seen increasing

Reading Time: 2 minutes Global biodiesel/renewable diesel production is expected to decline for the first time in a decade. Bad timing for a canola industry looking for new markets.