# North American Grain and Oilseed Review: Jump in soyoil pushes up canola

> ICE canola futures finished higher on April 16, with the May contract ending the week stronger as tight old-crop supplies lifted values. Gains in Chicago soyoil and European rapeseed supported the rally, and dry Prairie conditions boosted new-crop prices.

- Date: 2021-04-19 · published 2021-04-19T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/47708-north-american-grain-and-oilseed-review-jump-in-soyoil-pushes-up-canola
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Soyoil strength and dry Prairie weather are lifting canola prices, which raises the cost of canola meal in feed rations.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-jump-in-soyoil-pushes-up-canola/

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