# Canola prices up 4.2% after lower crop forecast in Canada

> Statistics Canada cut its 2024/25 canola harvest forecast by 0.5 million tonnes to 19 million tonnes, 5.2% below the September USDA estimate. Yield was lowered to 38.4 bushels per acre, and the harvested area was trimmed. November canola futures in Winnipeg rose 4.2% to C$565 per tonne amid rising oil prices.

- Date: 2024-09-17 · published 2024-09-17T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/28441-canola-prices-up-4-2-after-lower-crop-forecast-in-canada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A smaller Canadian crop and rising processing demand tighten canola supply, which supports canola meal and oil prices. Lower exports are expected as crushers bid more aggressively than exporters.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/canola-prices-up-4-2-after-lower-crop-forecast-in-canada/

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