# MERCANTILE Blog: MarketInsight June 5, 2017 | Mercantile Consulting

> Mercantile Consulting's June 5 market outlook said funds were positioned short in futures and expected a slow June. It noted record Brazilian soybean shipments, weak Chinese crush margins with cancellations of oilseed purchases, and canola visible stocks at 702,000 tonnes.

- Date: 2017-06-05 · published 2017-06-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70601-mercantile-blog-marketinsight-june-5-2017-mercantile-consulting
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Heavy Brazilian soybean supply and weak Chinese crush margins weigh on soybean products, while tight canola stocks could force crush plants to slow if deliveries lag, supporting canola meal in the near term.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- CANMEAL: bullish ▲

## Sources

- mercantileventure.com: https://mercantileventure.com/mercantile-blog-marketinsight-june-5-2017/

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