# Do canola and soy need relationship counselling? - Manitoba Co-operator

> Analysis of canola market spreads shows the July 2024 contract has moved to a $6/t discount to November 2024, signaling little supply concern. Canola has shifted from a $100/t premium over European rapeseed to a discount of nearly $40/t, and its premium over soybeans has largely disappeared. Weak export demand has followed.

- Date: 2024-02-27 · published 2024-02-27T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/31781-do-canola-and-soy-need-relationship-counselling-manitoba-co-operator
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Canola losing its premium to rapeseed and soybeans reduces export competitiveness and suggests weak canola meal demand. This points to continued price pressure on canola-based feed ingredients.

## Read by commodity

- SOY: neutral
- CANMEAL: bearish ▼

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/do-canola-and-soy-need-relationship-counselling/

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