# What’s in store for canola’s ‘big brother’? – Rabobank Global Perspective

> Rabobank said global soybean supplies in 2023/24 are outpacing demand, which will raise global inventories. China's soybean crop was its largest ever, its January imports fell 15%, and the US share of its imports dropped to 44% from 81%. Hedge funds have built a sizeable short position on the Chicago Board of Trade.

- Date: 2024-03-03 · published 2024-03-03T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/31314-what-s-in-store-for-canola-s-big-brother-rabobank-global-perspective
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Surplus supply and softer Chinese import demand weigh on soybean and meal prices. Continued fund selling could push prices lower in the near term.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sfs.org.au: https://sfs.org.au/article/whats-in-store-for-canolas-big-brother-rabobank-global-perspective

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