# North American Grain and Oilseed Review: Profit-taking erodes earlier gains 23.12.2021 - UkrAgroConsult

> ICE canola futures finished mixed on December 22, with profit-taking in nearby old-crop months after the March contract hit a contract high of C$1,020.50 per tonne. CBOT soybeans rose on dryness concerns in Argentina and southern Brazil.

- Date: 2021-12-23 · published 2021-12-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43725-north-american-grain-and-oilseed-review-profit-taking-erodes-earlier-gains-23
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Dry weather in South America supports soybean complex prices, while canola traders see the rally as overvalued and vulnerable to profit-taking.

## Read by commodity

- SOY: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-profit-taking-erodes-earlier-gains/

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