# Ample supply holds back Canola; wheat unchanged | The Western Producer

> ICE canola futures fell on Thursday amid broad losses in equity and energy markets, with ample commercial canola supplies and seasonal demand slowdown also weighing. Soybeans and soyoil also declined despite strong weekly US export sales and flash sales to China.

- Date: 2018-12-20 · published 2018-12-20T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/61671-ample-supply-holds-back-canola-wheat-unchanged-the-western-producer
- 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

Broad risk-off selling and ample canola supply point to softer canola prices, while strong US soybean export demand provides some offset for soy-complex values.

## Read by commodity

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

## Sources

- producer.com: https://www.producer.com/daily/ample-supply-holds-back-canola-wheat-unchanged/

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