# Price connection strengthens between canola, crude oil

> Analysts say the price relationship between canola and crude oil is strengthening, and farmers are advised to watch crude closely. The article covers how energy-linked vegetable oil demand is feeding into canola values.

- Date: 2022-05-30 · published 2022-05-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41512-price-connection-strengthens-between-canola-crude-oil
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Stronger linkage to crude means canola and canola meal prices will track energy moves more closely, adding volatility for feed buyers. Higher crude supports vegetable oil and oilseed prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2016-11-17 | [C$ strengthens to a 1-week high as oil climbs](https://feedsoft.ai/events/74055-c-strengthens-to-a-1-week-high-as-oil-climbs.md) | +3.4% | +11.7% |
| WTI | 2024-01-26 | [Crude oil prices today: WTI, Brent on pace for weekly gain](https://feedsoft.ai/events/32275-crude-oil-prices-today-wti-brent-on-pace-for-weekly-gain.md) | -4.6% | -0.6% |
| WTI | 2016-12-01 | [C$ strengthens as oil extends rally on OPEC deal](https://feedsoft.ai/events/73708-c-strengthens-as-oil-extends-rally-on-opec-deal.md) | +0.8% | +8.8% |
| WTI | 2024-08-26 | [Canadian dollar strengthens to 5-month high as oil rallies](https://feedsoft.ai/events/29033-canadian-dollar-strengthens-to-5-month-high-as-oil-rallies.md) | -1.7% | -5.9% |
| WTI | 2026-05-28 | [Palm Oil Prices Rise As Crude Oil Gains - Finimize](https://feedsoft.ai/events/19380-palm-oil-prices-rise-as-crude-oil-gains-finimize.md) | +8.1% | -20.5% |
| BRENT | 2024-01-26 | [Crude oil prices today: WTI, Brent on pace for weekly gain](https://feedsoft.ai/events/32275-crude-oil-prices-today-wti-brent-on-pace-for-weekly-gain.md) | -2.4% | +2.9% |
| BRENT | 2016-12-01 | [C$ strengthens as oil extends rally on OPEC deal](https://feedsoft.ai/events/73708-c-strengthens-as-oil-extends-rally-on-opec-deal.md) | +6.6% | +12.9% |
| BRENT | 2017-12-11 | [Analysis: Currency strength boosts Asia's crude oil purchasing power](https://feedsoft.ai/events/67739-analysis-currency-strength-boosts-asia-s-crude-oil-purchasing-power.md) | -0.2% | +8.4% |

## Sources

- producer.com: https://www.producer.com/markets/price-connection-strengthens-between-canola-crude-oil/

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