# Oilseeds: Canola rallies, soybean meal too: bullish

> Chicago soybeans and soybean meal rallied in late January, with March meal up US$3.80/short ton on dry weather forecasts for Argentina. Soybean oil was weaker, while Winnipeg canola and Paris rapeseed also gained.

- Date: 2026-01-29 · published 2026-01-29T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/21146-oilseeds-canola-rallies-soybean-meal-too-bullish
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Argentine dryness threatens the crop during its critical growth phase, supporting meal prices and the broader oilseed complex. Dry-weather risk can keep meal bid while soybean oil lags.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-07-28 | [SunSirs: Under the Support of Bullish, Soybean Meal Market Rebounded](https://feedsoft.ai/events/11490-sunsirs-under-the-support-of-bullish-soybean-meal-market-rebounded.md) | -0.9% | -3.5% |
| SBM | 2025-01-22 | [Soybeans Rallies on Tuesday - IBest Media](https://feedsoft.ai/events/11808-soybeans-rallies-on-tuesday-ibest-media.md) | -2.4% | -4.7% |
| SBM | 2026-02-25 | [Soybeans Rally with the Help of Meal](https://feedsoft.ai/events/5500-soybeans-rally-with-the-help-of-meal.md) | +0.5% | +4.1% |
| SBM | 2026-02-25 | [Soybeans Popping Higher, Following Meal Rally](https://feedsoft.ai/events/5501-soybeans-popping-higher-following-meal-rally.md) | +0.5% | +4.1% |
| SBM | 2018-02-14 | [U.S. grains: Soymeal rally lifts soybean futures - AgCanada](https://feedsoft.ai/events/10004-u-s-grains-soymeal-rally-lifts-soybean-futures-agcanada.md) | +3.5% | +0.8% |
| SOY | 2022-07-28 | [SunSirs: Under the Support of Bullish, Soybean Meal Market Rebounded](https://feedsoft.ai/events/11490-sunsirs-under-the-support-of-bullish-soybean-meal-market-rebounded.md) | -1.3% | -1.1% |
| SOY | 2025-01-22 | [Soybeans Rallies on Tuesday - IBest Media](https://feedsoft.ai/events/11808-soybeans-rallies-on-tuesday-ibest-media.md) | -2.1% | -3.3% |
| SOY | 2026-02-25 | [Soybeans Rally with the Help of Meal](https://feedsoft.ai/events/5500-soybeans-rally-with-the-help-of-meal.md) | +1.4% | +1.4% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/newsticker-oilseeds-canola-rallies-soybean-meal-too-bullish-sentiment

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