# Can canola captivate – global canola production forecast | AIR EP

> Rabobank says global canola production in 2022/23 hit a record after an 18% rise, with ending stocks expected to recover. Canada may harvest over 20 million tonnes, though dry conditions threaten about half its crop area.

- Date: 2023-07-08 · published 2023-07-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34995-can-canola-captivate-global-canola-production-forecast-air-ep
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Ample global canola supplies and large inventories limit price upside, although Canadian drought risk could tighten the outlook.

## Read by commodity

- CANMEAL: neutral

## Sources

- airep.com.au: https://airep.com.au/news/what-goes-up-must-come-down-australian-winter-crop-outlook-copy/

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