# Potential pivot for global canola trade | Stock Journal | SA

> Australia's 2023-24 canola crop is forecast at 4.9 million tonnes, down 3.4 million from the record 2022-23 crop, due to an expected dry El Niño spring. Canadian canola is also facing potential supply constraints, which could shift Asian oilseed trade toward Australia.

- Date: 2023-08-04 · published 2023-08-04T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/34560-potential-pivot-for-global-canola-trade-stock-journal-sa
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A smaller Australian crop and possible Canadian export constraints tighten canola supply, supporting canola meal prices.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/8292674/potential-pivot-for-global-canola-trade/

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