# Oilseeds Continue to Signal Firm Demand

> Dalian GMO soybean futures gained 2.6% on Friday to close at $21.77 per bushel and rose 2.8% over the week. Canadian and Australian canola C&F China prices traded sideways, and soybean oil hit a contract high.

- Date: 2022-02-18 · published 2022-02-18T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/42679-oilseeds-continue-to-signal-firm-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Firm Chinese soybean futures and a record-high soyoil contract point to strong vegetable oil and soybean demand, supporting meal and oil prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CANMEAL: neutral
- PALMOIL: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2022/02/18/oilseeds-continue-signal-firm-demand

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