# Canola, pulse prices will firm up in 2024, economist predicts | Capital Press

> Economist Chuck Penner expects canola and pulse prices to firm in 2024 after a disappointing first half of the marketing year, when prices were about 23 cents per pound. He points to renewable diesel demand in North America, with Canadian canola oil now mostly going to the US, and to a smaller 2023 Canadian crop.

- Date: 2024-01-15 · published 2024-01-15T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/32079-canola-pulse-prices-will-firm-up-in-2024-economist-predicts-capital-press
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Growing renewable diesel demand for vegetable oils supports soybean oil and canola values. The forecast is a view on future prices rather than a new supply or demand shock.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: neutral

## Sources

- capitalpress.com: https://capitalpress.com/2024/01/15/canola-pulse-prices-will-firm-up-in-2024-economist-predicts/

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