# Canola Market Outlook: September 9, 2024 - SK Oilseeds

> CBOT soybean futures lost 18 to 19 cents on Friday but gained about a nickel for the week in November. US crop ratings fell to season lows after heat and dryness, and Chinese flash sales of soybeans pointed to improving demand. Canola futures remain weak amid the Chinese-Canadian trade dispute, while crush margins are strong.

- Date: 2024-09-09 · published 2024-09-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28438-canola-market-outlook-september-9-2024-sk-oilseeds
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Low US crop ratings and firm Chinese demand support soybean and meal prices. Weak canola futures reflect the trade dispute, but strong crush margins limit downside for oilseed processors.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- saskoilseeds.com: https://saskoilseeds.com/canola-market-outlook-september-9-2024/

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