# North American Grain and Oilseed Review: Downturn in soyoil takes canola with it 15.12.2021 - UkrAgroConsult

> ICE canola futures closed lower on December 14 as Chicago soyoil fell sharply, while soybeans and soymeal rose. Malaysian palm oil and European rapeseed also slipped. Canola had some support from tight supplies and the need to ration demand.

- Date: 2021-12-15 · published 2021-12-15T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/43724-north-american-grain-and-oilseed-review-downturn-in-soyoil-takes-canola-with-it
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker soyoil and palm values pull canola lower, while firm soymeal supports the protein side of the feed complex.

## Read by commodity

- SBO: bearish ▼
- SOY: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-downturn-in-soyoil-takes-canola-with-it/

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