# PM Market Report - June 2, 2025 - MarketsFarm

> ICE canola futures fell sharply on Monday, with July below $700/tonne for the first time in two weeks, as speculators liquidated part of a record-large net long position. Losses in Chicago soyoil and a strong Canadian dollar added pressure, while tight old-crop supplies and Australia's 2025/26 canola estimate of 5.7 MMT, down 6% year on year, offered some support.

- Date: 2025-06-02 · published 2025-06-02T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/10949-pm-market-report-june-2-2025-marketsfarm
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Fund liquidation and a firmer Canadian dollar weigh on canola and canola meal values, while smaller Australian supply limits downside and keeps the feed protein complex supported.

## Read by commodity

- SBO: bearish ▼
- USDCAD: bearish ▼
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2025-06-02 | 1 | -3.1% | -3.3 | Canola liquidation and losses in Chicago soyoil on June 2 show spillover vegetable-oil selling and a strong Canadian dollar adding pressure. |

## Sources

- marketsfarm.com: https://marketsfarm.com/pm-market-report-june-2-2025/

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