# North American Grain/Oilseed Review: Canola posts limit-down losses - UkrAgroConsult

> ICE canola futures fell by their C$30 per tonne daily limit on June 17, 2021, in line with a sharp selloff in Chicago soybean futures. Speculators were liquidating long positions, and the Canadian dollar fell below 81 U.S. cents. Uncertainty over possible U.S. biofuel blending requirement changes was also cited.

- Date: 2021-06-18 · published 2021-06-18T12:00:00.000Z
- Category: market · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/6051-north-american-grain-oilseed-review-canola-posts-limit-down-losses
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Fund liquidation and a stronger U.S. dollar pushed canola and soy complex prices lower even though canola fundamentals were still relatively supportive. Lower oilseed meal and oil prices reduce protein and fat feed costs, while biofuel policy uncertainty could support or pressure demand for soybean oil.

## Read by commodity

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

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-oilseed-review-canola-posts-limit-down-losses/

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