# North American Grain and Oilseed Review: Rapeseed, profit-taking pull down canola 12.01.2022 - UkrAgroConsult

> ICE canola futures fell on profit-taking and losses in European rapeseed, while November new-crop canola rose. Support came from Chicago soyoil and Malaysian palm oil, and the Canadian dollar strengthened to 79.47 US cents.

- Date: 2022-01-12 · published 2022-01-12T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/43249-north-american-grain-and-oilseed-review-rapeseed-profit-taking-pull-down-canola
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Canola's decline on profit-taking and a firmer loonie modestly weighs on canola meal values for Canadian feed buyers, though tight supplies keep prices elevated.

## Read by commodity

- USDCAD: bearish ▼
- CANMEAL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-rapeseed-profit-taking-pull-down-canola/

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