# Canola tops $40 for old crop, $30 for new crop

> Agriculture and Agrifood Canada cut its canola ending stocks forecast for the current crop year from 500,000 to 450,000 metric tons and kept the next-season forecast at 700,000 tons. It forecast an average canola price of $900 per ton for the coming year, the second-highest on record.

- Date: 2022-03-07 · published 2022-03-07T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/42236-canola-tops-40-for-old-crop-30-for-new-crop
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A smaller ending stocks estimate and a high price forecast point to firm canola and canola meal prices, supporting feed costs for buyers.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- agupdate.com: https://agupdate.com/farmandranchguide/markets/crop/article_a58c2bcc-9bc9-11ec-84aa-5b4584f0108e.html

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