# Canola rallies as supplies run short

> Canola prices in Australia and Europe have risen about 20 percent since March on tight supply and a rally in vegetable oil markets. Multi-month highs were also seen in China and Canada, and buyers remain reluctant to switch to cheaper soybeans.

- Date: 2024-12-04 · published 2024-12-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27060-canola-rallies-as-supplies-run-short
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Limited supply until Northern Hemisphere harvests mid-2025 and strong vegetable oil prices support further canola gains, which feeds into higher canola meal costs for feed buyers.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Sources

- producer.com: https://www.producer.com/markets/canola-rallies-as-supplies-run-short/

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