# North American Grain and Oilseed Review: Canola steps away from larger declines 31.05.2022 - UkrAgroConsult

> Canola futures on ICE finished lower on Monday but recovered from larger early losses. Pressure came from weaker European rapeseed, partly offset by small gains in Malaysian palm oil and higher crude oil. Alberta and the eastern Prairies had mixed weather, and CBOT was closed for Memorial Day.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41510-north-american-grain-and-oilseed-review-canola-steps-away-from-larger-declines
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Canola is trading on tight old-crop supplies and firm vegetable oil support from crude, which limits downside. Mixed Prairie weather adds uncertainty to the new crop, supporting values for oilseed meal and feed buyers.

## Read by commodity

- SBO: neutral
- WTI: bullish ▲
- CANMEAL: neutral

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-canola-steps-away-from-larger-declines/

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