# North American Grain/Oilseed Review: Canola mixed as old/new crop spread narrows 21.04.2022 - UkrAgroConsult

> ICE canola futures were mixed as the old/new crop spread narrowed, with a stronger Canadian dollar pressuring values. Soybean futures firmed on a weaker dollar and solid export demand, while corn tested fresh highs.

- Date: 2022-04-21 · published 2022-04-21T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41947-north-american-grain-oilseed-review-canola-mixed-as-old-new-crop-spread-narrows
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stronger Canadian dollar cuts canola export competitiveness and crush margins, while soybean and corn gains support feed grain and meal values in the near term.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- USDCAD: bearish ▼
- CANMEAL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-oilseed-review-canola-mixed-as-old-new-crop-spread-narrows/

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