# Canola's course may be set in Brazil, Indonesia | The Western Producer

> An analyst says Canadian canola prices will follow the traditional relationship with soybeans now that the 2022 crop is normal, making Brazil's soybean crop the key driver. He flags December 2022 to January 2023 as the critical flowering and podding window for Brazilian beans.

- Date: 2022-10-13 · published 2022-10-13T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/39231-canola-s-course-may-be-set-in-brazil-indonesia-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weather risk in Brazil during the flowering window could lift soybean and canola prices, making it a key period for buyers to watch for feed input costs.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-18 | [Lower dollar boosts canola \| The Western Producer](https://feedsoft.ai/events/61188-lower-dollar-boosts-canola-the-western-producer.md) | +1.9% | -0.0% |
| SOY | 2022-06-30 | [U.S. Midwest forecast spells bad news for corn, soybeans \| The Western Producer](https://feedsoft.ai/events/13357-u-s-midwest-forecast-spells-bad-news-for-corn-soybeans-the-western-producer.md) | -5.0% | -3.9% |
| SOY | 2018-12-04 | [Wet Weather in Central Brazil a Cause for Concern](https://feedsoft.ai/events/61504-wet-weather-in-central-brazil-a-cause-for-concern.md) | +1.0% | -0.6% |
| SOY | 2017-07-27 | [Crop futures higher Thurs. on dry weather \| The Western Producer](https://feedsoft.ai/events/70067-crop-futures-higher-thurs-on-dry-weather-the-western-producer.md) | -2.3% | -5.4% |
| SOY | 2024-07-18 | [Possible La Niña Concerns Grains Producers in Brazil \| CZ app](https://feedsoft.ai/events/29170-possible-la-nina-concerns-grains-producers-in-brazil-cz-app.md) | +1.3% | -10.7% |

## Sources

- producer.com: https://www.producer.com/news/canolas-course-may-be-set-in-brazil-indonesia/

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