# Harvest progress, soy weaken canola futures | The Western Producer

> ICE canola futures closed lower on October 31 as Chicago soyoil fell and the Prairie harvest progressed, with Manitoba at 85% and Saskatchewan at 90% complete. Soybean futures were steady to higher after USDA reported 943,600 tonnes of 2019/20 soybean export sales, with China leading shipments.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56646-harvest-progress-soy-weaken-canola-futures-the-western-producer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Harvest pressure and weaker soyoil weigh on canola and canola meal values, while modest export sales give soybeans only limited support.

## Read by commodity

- SBO: bearish ▼
- SOY: neutral
- CANMEAL: bearish ▼

## Sources

- producer.com: https://www.producer.com/daily/harvest-progress-soy-weaken-canola-futures/

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