# North American Grain and Oilseed Review: Positioning leads to new contract highs

> ICE canola futures closed higher on April 26, with the May contract reaching C$900 per tonne, a new contract high. Traders positioned ahead of Statistics Canada planting projections, with expectations ranging from 21.5 to 23.2 million acres.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/47704-north-american-grain-and-oilseed-review-positioning-leads-to-new-contract-highs
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Dry Prairie conditions and strong soyoil and soybean gains are lifting canola prices, and the planting data could shift the new-crop outlook.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CANMEAL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/news/north-american-grain-and-oilseed-review-positioning-leads-to-new-contract-highs/

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