# Canola price increase expected | The Western Producer

> MarketsFarm analyst Mike Jubinville advised Canadian growers to wait for canola to rise about $1 per bushel before making further incremental sales. He forecast 2023-24 carryout of 1.4 to 1.5 million tonnes and said China's purchases have been sluggish. He also pegged the price floor near $700 per tonne.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33619-canola-price-increase-expected-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A tight forecast balance and an oversold market point to modest upside for canola. Slow Chinese buying and cheap European rapeseed cap that upside.

## Sources

- producer.com: https://www.producer.com/news/canola-price-increase-expected/

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