# North American Grain/Oilseed Review: Canola drops with soyoil

> ICE canola fell on Thursday as losses in Chicago soyoil spilled over, with speculative profit-taking adding pressure. Weak US soybean export sales and a stronger US dollar also weighed, while the IGC forecast a 22 million tonne rise in world soybean output for 2021/22.

- Date: 2021-03-26 · published 2021-03-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12666-north-american-grain-oilseed-review-canola-drops-with-soyoil
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weaker vegetable oil prices and a larger projected world soybean crop add downside pressure on soybean meal and canola meal, though tight old-crop canola supplies limit losses.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2021-03-29 | 5 | -8.3% | -3.0 | Chicago soyoil losses with speculative profit-taking, weak US soy export sales and a stronger dollar added pressure. |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-oilseed-review-canola-drops-with-soyoil/

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