# Canola Market Outlook: September 25, 2023

> The weekly SaskCanola outlook reports a sharp sell-off across the US soybean complex, with CBOT November soybeans down 44 cents and soybean meal down $5.40 for the week. US export sales of 434k MT came in well below trade estimates, while Chinese data showed Brazilian soybean imports up 45% and US imports down 58% year on year.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34056-canola-market-outlook-september-25-2023
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weak US export sales and Brazil gaining share of China's soybean imports pressure US soy and meal prices, and cheaper soymeal competes with canola meal.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CANMEAL: bearish ▼

## Sources

- saskcanola.com: https://www.saskcanola.com/market-outlook-articles/canola-market-outlook-september-25-2023

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