# Canola Market Outlook: July 18, 2022

> The weekly SaskCanola outlook says the July WASDE did not look bearish for soybeans, with old-crop sales cancellations continuing for a third week. Forward soybeans and new-crop soybean oil fell to 2022 lows, while canola disappearance trailed last year's pace and supplies were tight.

- Date: 2022-07-18 · published 2022-07-18T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/40594-canola-market-outlook-july-18-2022
- 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

Tight canola supplies and firm crush margins support canola meal prices, while weaker soyoil reduces vegetable oil support. Buyers should watch August US yield prospects, which could drive a rally given low ending stocks.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-06-25 | [Sunflower seeds: outlook for the 2026 crop - Mundus Agri](https://feedsoft.ai/events/12627-sunflower-seeds-outlook-for-the-2026-crop-mundus-agri.md) | -2.8% | +8.0% |
| SBO | 2019-08-08 | [Oil Market Report - August 2019 - IEA](https://feedsoft.ai/events/10825-oil-market-report-august-2019-iea.md) | +4.1% | +1.8% |
| SBO | 2019-05-31 | [Grain Market Review: Oilseeds-2019](https://feedsoft.ai/events/59148-grain-market-review-oilseeds-2019.md) | -0.1% | +0.1% |
| SBO | 2021-06-17 | [Ag Market View for June 17th - ADM Investor Services](https://feedsoft.ai/events/7309-ag-market-view-for-june-17th-adm-investor-services.md) | -3.7% | -0.4% |
| SBO | 2022-06-14 | [COVID in China and the war in Ukraine remain the main factors influencing the oil markets 14.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/7218-covid-in-china-and-the-war-in-ukraine-remain-the-main-factors-influencing-the.md) | -7.4% | -18.5% |
| SOY | 2018-03-06 | [Market outlook: What’s Ahead for Canola? – Canola Digest](https://feedsoft.ai/events/65970-market-outlook-what-s-ahead-for-canola-canola-digest.md) | -3.1% | -2.7% |
| SOY | 2024-07-14 | [Daily Market Wire 15 July 2024 - Grain Central](https://feedsoft.ai/events/29204-daily-market-wire-15-july-2024-grain-central.md) | -3.3% | -9.4% |
| SOY | 2024-11-27 | [Market Update for Rapeseed & Canola 27th of Nov. 2024](https://feedsoft.ai/events/27511-market-update-for-rapeseed-and-canola-27th-of-nov-2024.md) | +0.0% | +0.5% |

## Sources

- saskcanola.com: https://www.saskcanola.com/market-outlook-articles/canola-market-outlook-july-18-2022

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