# Canola market  snapshot – Lower supply – Canola Digest

> Canola Digest reported that low in-season rainfall and heat cut Canadian canola yields in 2023. Statistics Canada put 2023 production at 17.4 million tonnes, down from 18.7 million in 2022 and below the five-year average of 18.6 million. The article attributes the shortfall to dry conditions on the southwest Prairies.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/33625-canola-market-snapshot-lower-supply-canola-digest
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A smaller Canadian canola crop reduces supply for crushers, which tightens meal and oil availability and supports meal prices. Tighter supply also supports the broader oilseed complex.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- canoladigest.ca: https://canoladigest.ca/november-2023/canola-market-snapshot-lower-supply/

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