# Bigger crops, fierce competition may lower canola prices | The Western Producer

> MarketsFarm analyst Mike Jubinville expects canola futures to retest about $700 per tonne as Statistics Canada's 2022-23 crop of 18.1 million tonnes is likely revised higher. Record Australian canola exports are also undercutting Canadian canola in the EU market.

- Date: 2023-04-10 · published 2023-04-10T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/36357-bigger-crops-fierce-competition-may-lower-canola-prices-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Larger supplies and aggressive Australian competition point to lower canola and rapeseed prices, pressuring canola meal values for feed buyers.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- producer.com: https://www.producer.com/news/bigger-crops-fierce-competition-may-lower-canola-prices/

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