# Canola caught in the doldrums, but a rally could break out | The Western Producer

> Canola futures have fallen about 20% since July, and cash prices have followed lower. Rabobank analyst Stephen Nicholson said the outlook is better than current prices, citing new crush demand in western Canada and strong export demand. He attributed the slide to the overshoot after a large Brazilian soybean crop earlier this year.

- Date: 2023-11-30 · published 2023-11-30T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33175-canola-caught-in-the-doldrums-but-a-rally-could-break-out-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Canola prices are pressured by the post-record-crop correction, but new crush and renewable diesel demand could support a rebound later in the season.

## Sources

- producer.com: https://www.producer.com/markets/canola-caught-in-the-doldrums-but-a-rally-could-break-out/

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