# Spot canola oil prices slump to multi-year lows; corn oil, cottonseed oil prices flat - The Jacobsen

> Fastmarkets assessed US cottonseed oil flat week on week at $0.5200 per lb, while canola oil RBD Los Angeles fell to its lowest in over four years at $0.5075 per lb. The December CME soybean oil contract dropped 4.3% on November 27.

- Date: 2024-11-27 · published 2024-11-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27518-spot-canola-oil-prices-slump-to-multi-year-lows-corn-oil-cottonseed-oil-prices
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Sharp weakness in the CME vegetable oil complex and lower canola oil values point to softer oilseed meal and oil pricing, a bearish signal for the oil side of the crush.

## Read by commodity

- CSM: neutral
- SBO: bearish ▼
- CANMEAL: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/11/27/spot-canola-oil-prices-slump-to-multi-year-lows-corn-oil-cottonseed-oil-prices-flat/

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