# Canola Market Outlook: May 13, 2024

> Weekly canola outlook from Mercantile Consulting notes soybeans were little changed, meal gave back early gains, and soybean oil rallied on rumours the US would restrict Chinese used cooking oil imports. The WASDE was seen as slightly bearish for oilseeds, and YTD canola disappearance is down 9% year on year while March stocks are up 17.5%.

- Date: 2024-05-14 · published 2024-05-14T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/30221-canola-market-outlook-may-13-2024
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher canola stocks and weaker disappearance point to softer canola values, while possible US curbs on Chinese UCO could support soybean oil and meal-linked prices.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral
- CANMEAL: bearish ▼

## Sources

- saskcanola.com: https://www.saskcanola.com/market-outlook-articles/canola-market-outlook-may-13-2024

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