# Markets must move quickly to address canola shortage | The Western Producer

> Statistics Canada's current canola estimate is 18.9 million tonnes, but lower yields may cut production by 0.5 to 1 million tonnes when final figures are released December 5. Canadian canola is being used at a record pace through exports and crush, which is tightening Prairie supplies.

- Date: 2024-11-12 · published 2024-11-12T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/27510-markets-must-move-quickly-to-address-canola-shortage-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Record crush and tighter supply raise the likelihood of higher canola meal prices and reduced meal availability for feed buyers, although the expected production cut may be partly anticipated by the market.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- producer.com: https://www.producer.com/markets/markets-must-move-quickly-to-address-canola-shortage/

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