# PM Market Report - December 27, 2024 - MarketsFarm

> ICE canola futures finished mostly $1 to $2 per tonne lower on Dec 27, 2024, following losses in Chicago soybeans and meal and European rapeseed. Statistics Canada reported the November canola crush rose more than 12% year on year to 1.02 million tonnes.

- Date: 2024-12-27 · published 2024-12-27T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/26984-pm-market-report-december-27-2024-marketsfarm
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A strong Canadian crush supports demand for canola meal, but weakness in soybean meal and rapeseed pressured prices, leaving the feed protein outlook mixed.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- CANMEAL: neutral

## Sources

- marketsfarm.com: https://marketsfarm.com/pm-market-report-december-27-2024/

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