# Canada Know-Risk Market Outlook | Canola Breaks Support

> StoneX reports November canola broke below $700 and then $680 support as harvest yields beat expectations. Cattle futures fell limit down after a bearish Cattle on Feed report, and US corn and soybean harvests were 59% and 76% complete.

- Date: 2023-10-24 · published 2023-10-24T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33738-canada-know-risk-market-outlook-canola-breaks-support
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Heavier-than-expected canola supply and weak demand point to lower oilseed meal prices, while the cattle selloff signals softer feeder and live cattle values.

## Read by commodity

- CANMEAL: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- stonex.com: https://www.stonex.com/en-gb/insights/canada-know-risk-market-outlook-canola-breaks-support/

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