# North American Grain and Oilseed Review: Up limit bounce in canola prices - UkrAgroConsult

> ICE canola futures closed at the daily limit higher in the July, November and January contracts on June 23. Prairie forecasts called for higher temperatures and little rain, while soybean oil and European rapeseed gains supported prices. The Canadian dollar strengthened to 81.27 U.S. cents.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/46708-north-american-grain-and-oilseed-review-up-limit-bounce-in-canola-prices
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Dry Prairie weather threatens canola yields and soyoil strength lifts vegetable oil values, which supports canola meal prices for feed buyers.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-07-27 | [North American Grain and Oilseed Review: A round of gains for canola 27.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40454-north-american-grain-and-oilseed-review-a-round-of-gains-for-canola-27-07-2022.md) | +4.8% | +10.3% |
| SBO | 2024-09-09 | [Rising sunflower oil and meal prices support sunseed prices in Ukraine](https://feedsoft.ai/events/28425-rising-sunflower-oil-and-meal-prices-support-sunseed-prices-in-ukraine.md) | -1.3% | +2.0% |
| SBO | 2024-09-06 | [Rising sunflower oil and meal prices support sunseed prices in Ukraine](https://feedsoft.ai/events/28427-rising-sunflower-oil-and-meal-prices-support-sunseed-prices-in-ukraine.md) | -2.7% | +1.0% |
| SBO | 2022-01-19 | [Precipitation in South America lowers soybean prices, which increases pressure on sunflower prices 19.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43262-precipitation-in-south-america-lowers-soybean-prices-which-increases-pressure.md) | +1.8% | +5.3% |
| SBO | 2021-08-31 | [Rapeseed and canola prices supported by lower crop forecasts in Canada](https://feedsoft.ai/events/45664-rapeseed-and-canola-prices-supported-by-lower-crop-forecasts-in-canada.md) | -1.2% | +0.0% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-up-limit-bounce-in-canola-prices/

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