# Canola Market Outlook: May 23, 2023

> The CBOT soy complex fell 4.5-6% in the week, led by soybeans, after slow-to-start export sales and a NOPA crush below trade estimates. Canola disappearance for the 2022/23 crop year is running 26% above last year, and the outlook notes that crush margins have narrowed.

- Date: 2023-05-23 · published 2023-05-23T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/36051-canola-market-outlook-may-23-2023
- Commodities: [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

A weaker soy complex and reduced canola crush margins point to softer meal and oil prices, while strong canola usage is tightening old-crop supplies.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- CANMEAL: neutral

## Sources

- saskcanola.com: https://www.saskcanola.com/market-outlook-articles/canola-market-outlook-may-23-2023

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