# Canola expansion expected in 2023-24 amid uncertain weather patterns

> Statistics Canada projects canola plantings to rise slightly to 8.7 million hectares in 2023-24, with output near 18.4 million tonnes. Market players doubt the forecast given a cold, dry spring and a hot May.

- Date: 2023-07-03 · published 2023-07-03T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34990-canola-expansion-expected-in-2023-24-amid-uncertain-weather-patterns
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Expected expansion is partly offset by weather risk, so the supply outlook is uncertain, with implications for canola meal availability and prices.

## Read by commodity

- CANMEAL: neutral

## Sources

- mintecglobal.com: https://www.mintecglobal.com/top-stories/canola-expansion-expected-in-2023-24-amid-uncertain-weather-patterns

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