# Ice Rapeseed Fell, Following The Decline Of CBOT Soybean And Soybean Meal Market - Corporate News - News - Yangzhou Coyotech Machinery Co., Ltd.

> ICE rapeseed futures closed lower on January 20 after US soybeans and soymeal fell, along with European rapeseed and Malaysian palm oil. Nearby March canola was down about C$15.80 to C$648.40 per tonne, though CBOT soyoil rose sharply.

- Date: 2021-01-21 · published 2021-01-21T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/49254-ice-rapeseed-fell-following-the-decline-of-cbot-soybean-and-soybean-meal-market
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower soymeal and rival oilseed prices weighed on canola, but tight inventories limit downside. Feed buyers see modest short-term relief in canola meal costs.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bearish ▼

## Sources

- chinagrainmachine.com: https://www.chinagrainmachine.com/news/ice-rapeseed-fell-following-the-decline-of-cb-41977785.html

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