# Canola prices drop as Canada's crop prospects improve | Stock Journal | SA

> Canola futures fell CAD 31.70 per tonne to CAD 846.80 on July 8 amid broad vegetable oil selling and harvest pressure. Forecasts for Canadian canola output have risen to as high as 19 million tonnes after drought hit the 2021/22 crop.

- Date: 2022-07-08 · published 2022-07-08T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/40453-canola-prices-drop-as-canada-s-crop-prospects-improve-stock-journal-sa
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Larger Canadian and EU rapeseed supplies and a global oilseed output increase point to lower canola and soybean values.

## Read by commodity

- SOY: bearish ▼
- CANMEAL: bearish ▼

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/7808862/canola-slips-as-canada-sells/

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