# Canadian canola futures rebound - Markets - Business Recorder

> ICE Canadian canola futures rebounded on January 21 after a three-day slide, rising with palm and soyoil. March canola gained C$8.60 to C$657 per tonne, while US soybeans slipped as South American rains eased supply worries.

- Date: 2021-01-22 · published 2021-01-22T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/49255-canadian-canola-futures-rebound-markets-business-recorder
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Canola regained ground alongside rival vegetable oils, but the lagging gain signals limited upside in the near term. Rain in South America reduces support for soymeal prices.

## Read by commodity

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

## Sources

- brecorder.com: https://www.brecorder.com/news/40054946

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