# North American Grain and Oilseed Review: Canola back on the rise

> ICE canola futures climbed on Wednesday with support from stronger Chicago soybeans and soymeal, partly offset by weaker soyoil and palm oil. Trade concern centred on Canadian canola exports falling well short of the projected 9.3 million tonnes after production cuts, while Australia posted a record harvest.

- Date: 2022-12-09 · published 2022-12-09T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/38346-north-american-grain-and-oilseed-review-canola-back-on-the-rise
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Expected tighter Canadian export supplies support canola meal prices, though Australia's record crop limits the upside for feed buyers.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-canola-back-on-the-rise/

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