# Cottonseed oil price slips; canola oil basis indications rise - The Jacobsen

> Fastmarkets assessed cottonseed oil at $0.4800 per lb on August 20, down from $0.4950 a week earlier. Canola oil basis indications rose on a slow grind higher, while soybean oil futures fell below $0.40 per lb to 3.5-year lows.

- Date: 2024-08-20 · published 2024-08-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28920-cottonseed-oil-price-slips-canola-oil-basis-indications-rise-the-jacobsen
- 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

Soybean oil's slide to multi-year lows pulled cottonseed and corn oil lower, while firmer canola oil basis signals tighter canola oil supply, mixed signals for vegetable oil feedstocks.

## Read by commodity

- CSM: bearish ▼
- SBO: bearish ▼
- CANMEAL: bullish ▲

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/08/20/cottonseed-oil-price-slips-canola-oil-basis-indications-rise/

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