# Can canola captivate – global canola production forecast

> Rabobank's outlook projects global canola production for 2023/24 to fall slightly short of the record 2022/23 crop, as Australian losses are offset by larger EU and Canadian output. Canada may harvest over 20 million tonnes, up 7%, though dry conditions in western areas could make the forecast optimistic.

- Date: 2023-06-25 · published 2023-06-25T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/35595-can-canola-captivate-global-canola-production-forecast
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Ample inventories and a near-record global crop keep supply comfortable, limiting upside in canola prices despite Australian weather losses.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- sfs.org.au: https://sfs.org.au/article/can-canola-captivate-global-canola-production-forecast

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