# Canola Market Outlook: November 21, 2022

> Soybean futures traded in a 50-cent range in the week to November 18, with January closing near $14.36. Funds cut their soybean long but raised soyoil to the strongest net long since February 2021. Argentina remains dry and China continues buying.

- Date: 2022-11-21 · published 2022-11-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38788-canola-market-outlook-november-21-2022
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Fund buying in soyoil and dry Argentine weather support oilseed prices, while thin Thanksgiving trade limits moves. Rising fuel use of soyoil tied to the energy market supports demand.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral
- CANMEAL: neutral

## Sources

- saskcanola.com: https://www.saskcanola.com/market-outlook-articles/canola-market-outlook-november-21-2022

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