# Full bins and heavy supply drag on canola and oilseed market prices - RealAgriculture

> A market analyst said a larger-than-expected canola and sunflower crop in the US and Canada has pressured the oilseed complex. Global use and import data were not bullish, and demand for some crush byproducts has lagged. The analyst said biofuel demand and added crush capacity will determine price direction longer term.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31313-full-bins-and-heavy-supply-drag-on-canola-and-oilseed-market-prices
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Heavy oilseed supply and weak byproduct demand point to lower meal prices for feed buyers. Biofuel-driven crush demand is the main factor that could reverse this.

## Read by commodity

- CANMEAL: bearish ▼
- SUNMEAL: bearish ▼

## Sources

- realagriculture.com: https://www.realagriculture.com/2024/03/full-bins-and-heavy-supply-drag-on-canola-and-oilseed-market-prices/

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