# Unchanged forecasts of the canola crop in Canada and Australia restrain the growth of stock prices

> Statistics Canada forecast 2024/25 canola output at 19.5 million tonnes, up 1.6%, and 2.6% below USDA. Winnipeg November canola fell 0.5% to C$596/t and Paris rapeseed fell 0.5% to €461.25/t, while Australian canola was forecast at about 5.4 million tonnes.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/28905-unchanged-forecasts-of-the-canola-crop-in-canada-and-australia-restrain-the
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A canola crop near analyst expectations and below USDA limits downside pressure on canola and rapeseed prices, though the Australian and Canadian supply outlook keeps the market balanced.

## Read by commodity

- CANMEAL: neutral

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/unchanged-forecasts-of-the-canola-crop-in-canada-and-australia-restrain-the-growth-of-stock-prices/

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