# New-Crop Canola Basis Steady While Futures Soar

> New-crop canola basis for November delivery has held steady across the Prairies while November futures continue to rise ahead of Statistics Canada's seeded acreage report on April 26. Basis in northern Alberta and eastern Manitoba sits near the strongest levels reported so far.

- Date: 2022-04-22 · published 2022-04-22T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41948-new-crop-canola-basis-steady-while-futures-soar
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Steady basis with rising futures indicates firm canola demand and supports farm-gate canola prices into the seeding season.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/canada-markets/blog-post/2022/04/22/new-crop-canola-basis-steady-futures

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