# W2: Weekly Canola & Rapeseed Update

> Australia's record canola crop and higher EU rapeseed production forecasts are pressuring global canola and rapeseed quotes. Paris February rapeseed futures fell 2.3% to USD 605.4/MT on January 9.

- Date: 2023-01-17 · published 2023-01-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37877-w2-weekly-canola-and-rapeseed-update
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Expanding supply from Australia, Canada and the EU is bearish for canola and rapeseed meal prices, which weighs on oilseed meal values for feed buyers.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w2-weekly-canola-rapeseed-update

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