# Global Oilseeds Searching for a Bottom

> Canola futures fell to their lowest level in six months as non-commercial traders kept selling. Prices neared chart support around $480 to $483 per tonne. Spreads eroded, with the May/July spread weakening.

- Date: 2017-12-28 · published 2017-12-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/67574-global-oilseeds-searching-for-a-bottom
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Routine price commentary describing a decline in canola futures with no new cause, though weak prices reduce the cost of canola meal for feed buyers.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2017/12/28/global-oilseeds-searching-bottom

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