# Canada Know-Risk Market Outlook | Canola Higher on Weather and Soybean Oil

> StoneX reports that canola rose on limited Prairie rain forecasts and soybean oil was expected to rise after the US Senate passed the BBB tax bill, which includes biofuel incentives. The House still needs to pass the legislation. StoneX expects higher vegetable oil demand and bearish soybean meal prices, since meal demand is unchanged while supply grows.

- Date: 2025-07-02 · published 2025-07-02T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/23872-canada-know-risk-market-outlook-canola-higher-on-weather-and-soybean-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Biofuel incentives boost vegetable oil demand and support soyoil and canola prices. Extra meal supply from crush pressures meal prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-05-06 | [How long can soy oil prop up the soybean market?](https://feedsoft.ai/events/19356-how-long-can-soy-oil-prop-up-the-soybean-market.md) | -3.6% | -3.3% |
| SBO | 2017-05-01 | [Canola markets turn slightly higher](https://feedsoft.ai/events/71115-canola-markets-turn-slightly-higher.md) | +4.0% | +0.5% |
| SBO | 2017-07-28 | [Court Ruling Sends Soybean Oil Higher](https://feedsoft.ai/events/70053-court-ruling-sends-soybean-oil-higher.md) | -1.4% | +2.7% |
| SBO | 2025-06-13 | [Soybeans and Bean Oil Surge on RVO News: How High Will Prices Run?](https://feedsoft.ai/events/5340-soybeans-and-bean-oil-surge-on-rvo-news-how-high-will-prices-run.md) | +10.1% | +8.6% |
| SBO | 2025-06-16 | [Soyoil around 18-month highs, grains fall on good crop weather](https://feedsoft.ai/events/5344-soyoil-around-18-month-highs-grains-fall-on-good-crop-weather.md) | +4.7% | +6.0% |
| SBM | 2019-03-14 | [Feed weekly outlook: DDGS market to adjust with E15 move - AgCanada](https://feedsoft.ai/events/60188-feed-weekly-outlook-ddgs-market-to-adjust-with-e15-move-agcanada.md) | +3.8% | +3.3% |
| SBM | 2026-07-26 | [Biofuel Mandates Test Capacity and Soybean Oil Demand - RFD](https://feedsoft.ai/events/15007-biofuel-mandates-test-capacity-and-soybean-oil-demand-rfd.md) | -4.7% | -4.2% |
| SBM | 2026-06-26 | [EPA Biofuel Rule Boosts Soybean Oil Demand Through Higher Renewable Fuel Blending Mandates](https://feedsoft.ai/events/15018-epa-biofuel-rule-boosts-soybean-oil-demand-through-higher-renewable-fuel.md) | -0.3% | +6.1% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/canada-know-risk-market-outlook/

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