# North American Grain/Oilseed Review: Canola up sharply in front months

> ICE canola rallied on Monday, March 22, with new-crop months lagging as buyers backed away at high prices. Soyoil posted a limit-up move while soymeal fell sharply, and traders positioned ahead of the USDA planting intentions report due March 31.

- Date: 2021-03-23 · published 2021-03-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48217-north-american-grain-oilseed-review-canola-up-sharply-in-front-months
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strength in soyoil and vegetable oils supports canola and soybean values, while expected increases in US soybean and corn acres could pressure prices once the USDA report is released.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- CANMEAL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-oilseed-review-canola-up-sharply-in-front-months/

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