# Canola Market Moves Lower | Red River Farm Network

> The Canadian canola market fell more than C$111 per tonne in the week to June 23, mirroring declines in palm and soybean oil. Palm and soyoil markets in Malaysia and Indonesia dropped sharply as export supplies built, and energy weakness also weighed.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41048-canola-market-moves-lower-red-river-farm-network
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Vegetable oil weakness is dragging canola lower, which pressures canola meal values used in feed. Buyers can expect softer oilseed meal pricing while palm and soy oil remain under pressure.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Sources

- rrfn.com: https://www.rrfn.com/2022/06/23/canola-market-moves-lower/

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