# North American Grain and Oilseed Review: Canola reclaims some lost ground 17.11.2021 - UkrAgroConsult

> ICE canola futures were mixed as gains in Chicago soyoil and Malaysian palm oil offset losses in European rapeseed and Chicago soybeans and meal. Tight supplies and uncertainty over the Prairie harvest continued to support canola, and the USDA reported a private sale of 161,000 tonnes of soybeans.

- Date: 2021-11-17 · published 2021-11-17T12:00:00.000Z
- Category: market · region North America · magnitude low
- Page: https://feedsoft.ai/events/44163-north-american-grain-and-oilseed-review-canola-reclaims-some-lost-ground-17-11
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Limited canola supply keeps canola meal expensive relative to other protein sources, which pushes feed buyers toward soymeal substitutes. Day-to-day moves reflect routine trading rather than a new supply shock.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- CANMEAL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-canola-reclaims-some-lost-ground/
- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-old-crop-up-new-crop-down/

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