# Global canola prices surge before harvest but smaller local gains | Farm Online | ACT

> Australian canola values rose by about A$75 per tonne on the ICE benchmark as global oil tension and a rally in Matif lifted prices off a contract low. Local east coast prices remain in the low A$700s per tonne, roughly $65 per tonne below Matif, because the ICE contract had dipped on China's anti-dumping probe into Canadian canola.

- Date: 2024-10-09 · published 2024-10-09T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/27968-global-canola-prices-surge-before-harvest-but-smaller-local-gains-farm-online
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Global canola strength with a lagging Australian discount signals firmer export parity for Australian canola, supporting meal values in feed markets.

## Read by commodity

- WTI: bullish ▲
- CANMEAL: bullish ▲

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8787626/global-canola-prices-surge-before-harvest-but-smaller-local-gains/

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