# Canola Price Trend vs. Global, Domestic Stocks/Use Ratios

> DTN analyst Cliff Jamieson compared canola prices with Canadian and global stocks-to-use ratios, drawing on USDA's October Oilseeds report. USDA cut Canadian canola production by 400,000 metric tons to 17.8 million and lowered global consumption. Global ending stocks were revised slightly higher to 6.226 million tonnes.

- Date: 2023-10-12 · published 2023-10-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/33624-canola-price-trend-vs-global-domestic-stocks-use-ratios
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tight stocks-to-use ratios support canola prices, while the lower USDA production estimate adds to supply concerns. The report shows little overall change in the global balance.

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2023/10/12/canola-price-trend-vs-global-ratios

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