# Canola Market Outlook: August 22, 2022

> SaskCanola's weekly outlook notes soybeans were lower for the week before recovering, with the soy/corn ratio dropping to 2.2536. It cites a larger-than-estimated 2021/22 Canadian canola crop, drought in China's main rapeseed area, and dry EU conditions that could cut rapeseed yields.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39998-canola-market-outlook-august-22-2022
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected Chinese buying and possible EU rapeseed yield losses support canola and soyoil demand, while cheaper Malaysian palm oil and US harvest pressure weigh on soyoil.

## Read by commodity

- SBO: bearish ▼
- SOY: bullish ▲
- CANMEAL: bullish ▲

## Sources

- saskcanola.com: https://www.saskcanola.com/market-outlook-articles/canola-market-outlook-august-22-2022

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