# North American Grain and Oilseed Review: Canola shows measure of strength 15.06.2022 - UkrAgroConsult

> ICE canola futures closed higher on Tuesday, showing strength independent of the weaker Chicago soy complex. Rain improved dry areas of the western Prairies but slowed seeding in the wet eastern Prairies, with many acres in Manitoba expected to go unplanted. USDA reported 88 percent of U.S. soybeans planted and first soybean condition ratings at 70 percent good to excellent.

- Date: 2022-06-15 · published 2022-06-15T12:00:00.000Z
- Category: weather · region Canada · magnitude low
- Page: https://feedsoft.ai/events/7217-north-american-grain-and-oilseed-review-canola-shows-measure-of-strength-15-06
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Prairie planting delays and unplanted acres in Manitoba tighten the outlook for Canadian canola supply, supporting canola meal and seed prices, while solid U.S. crop ratings limit soybean upside.

## Read by commodity

- SOY: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-10-28 | [Big Picture in S. America – Soybeans Maybe OK, Corn Maybe Not 28.10.2022 - UkrAgroConsult](https://feedsoft.ai/events/13690-big-picture-in-s-america-soybeans-maybe-ok-corn-maybe-not-28-10-2022.md) | +3.2% | +3.9% |
| SOY | 2022-01-19 | [Precipitation in South America lowers soybean prices, which increases pressure on sunflower prices 19.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43262-precipitation-in-south-america-lowers-soybean-prices-which-increases-pressure.md) | +3.4% | +14.0% |
| SOY | 2021-10-26 | [Planting pace of new Brazilian soybean crop remains strong 26.10.2021 - UkrAgroConsult](https://feedsoft.ai/events/44381-planting-pace-of-new-brazilian-soybean-crop-remains-strong-26-10-2021.md) | -0.0% | +3.0% |
| SOY | 2022-05-02 | [Grain markets close mostly lower in very volatile day of trade. Monday, May 2, 2022 03.05.2022 - UkrAgroConsult](https://feedsoft.ai/events/5841-grain-markets-close-mostly-lower-in-very-volatile-day-of-trade-monday-may-2.md) | -3.1% | +1.4% |
| SOY | 2021-10-22 | [2021/22 Brazilian Soybean Planting Second Fastest on Record 22.10.2021 - UkrAgroConsult](https://feedsoft.ai/events/44380-2021-22-brazilian-soybean-planting-second-fastest-on-record-22-10-2021.md) | +0.8% | +3.4% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/north-american-grain-and-oilseed-review-canola-shows-measure-of-strength/

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