# Soybeans, dollar will influence canola in days ahead | The Western Producer

> An ProMarket analyst said soybeans and the Canadian dollar will drive canola prices, with CBOT soybeans higher on expectations of US-China trade talks resuming July 29. He projected November canola could reach C$460 per tonne if soybeans rally, or drop toward C$440 with a possible frost premium later in the season.

- Date: 2019-07-24 · published 2019-07-24T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/58206-soybeans-dollar-will-influence-canola-in-days-ahead-the-western-producer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Soybean strength and currency moves feed directly into canola and meal values, so the outlook points to volatile pricing around the trade talks and the loonie.

## Read by commodity

- SOY: neutral

## Sources

- producer.com: https://www.producer.com/daily/soybeans-dollar-will-influence-canola-in-days-ahead/

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