# Canola struggles from weak veg oil price and falling crude | The Western Producer

> Canola futures have fallen through autumn, pressured by weak vegetable oil and crude oil prices and a Statistics Canada estimate that raised production to 18.3 million tonnes. Canadian canola exports to week 17 trailed last year while domestic use rose.

- Date: 2023-12-14 · published 2023-12-14T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/32806-canola-struggles-from-weak-veg-oil-price-and-falling-crude-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Canola's value is heavily tied to oil content, so weaker soyoil and crude prices pull canola down; larger Canadian supply adds further bearish pressure on canola and related meal.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- CANMEAL: bearish ▼

## Sources

- producer.com: https://www.producer.com/markets/canola-struggles-from-weak-veg-oil-price-and-falling-crude/

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