# VIDEO: Producers advised to hang onto their canola | The Western Producer

> Analyst Chuck Penner advised Canadian growers to hold canola, noting that production was the lowest since 2015-16 and supplies are pegged at 19.1 million tonnes against a 23.1 million tonne average. Nearby futures trade between C$800 and C$900 per tonne, and canola typically peaks from April to June.

- Date: 2023-01-16 · published 2023-01-16T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37755-video-producers-advised-to-hang-onto-their-canola-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tight supplies and the seasonal price pattern support canola values in the coming months, so waiting to sell could capture higher prices.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- producer.com: https://www.producer.com/video/video-producers-advised-to-hang-onto-their-canola/

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