# North American Grain and Oilseed Review: Sharp gains for old crop canola 03.12.2021 - UkrAgroConsult

> ICE canola futures posted sharp gains on December 2 as the January contract rolled, with strong support from European rapeseed and the Chicago soy complex. Canadian National Rail reopened its Kamloops to Vancouver line after heavy rains, and the trade expected Statistics Canada to report lower canola and wheat production.

- Date: 2021-12-03 · published 2021-12-03T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/43729-north-american-grain-and-oilseed-review-sharp-gains-for-old-crop-canola-03-12
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected production declines and rail disruptions tighten canola supply, supporting prices and edible oil values.

## Read by commodity

- SBO: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-sharp-gains-for-old-crop-canola/

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