# Grain Market Review: Oilseeds | World-grain.com | December 07, 2016 20:00 | World Grain

> Oilseed markets remained firm despite record supplies, with strong demand and rising canola futures. The IGC reported Chicago soybean futures gained about 7% month on month in October, and ICE canola rose up to 10% on Western Canada weather concerns. Political uncertainty over US-China trade relations may change trade flows.

- Date: 2016-12-07 · published 2016-12-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73559-grain-market-review-oilseeds-world-grain-com-december-07-2016-20-00-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Firm oilseed prices despite record supply show underlying demand strength, while US-China trade uncertainty could redirect export flows and affect meal and oil values.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CANMEAL: bullish ▲

## Sources

- world-grain.com: https://www.world-grain.com/articles/10256-grain-market-review-oilseeds

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