# North American Grain/Oilseed Review: Canola recovers from early losses to post gains 07.12.2021 - UkrAgroConsult

> ICE canola futures recovered from early losses on December 6 to close higher, helped by strength in CBOT soyoil. Canola supply remained tight after Statistics Canada cut its production estimates. Some traders argued the market was overpriced, and soymeal weakened.

- Date: 2021-12-07 · published 2021-12-07T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/43726-north-american-grain-oilseed-review-canola-recovers-from-early-losses-to-post
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight canola supplies and firm soyoil support oilseed values, though resistance near current price levels limits upside.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-oilseed-review-canola-recovers-from-early-losses-to-post-gains/

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