# Spot Canola Basis Weakens; New-Crop Basis Strengthens

> Canadian spot canola basis weakened through late January, with cash bids falling sharply in Alberta and Saskatchewan regions as buyers showed waning interest in front-end deliveries. New-crop November basis strengthened, and May delivery bids ranged from $5.25 to $26.10 per tonne under the May futures contract.

- Date: 2022-02-01 · published 2022-02-01T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/42804-spot-canola-basis-weakens-new-crop-basis-strengthens
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weaker nearby basis signals softer near-term demand for canola at Prairie elevators, while firmer new-crop basis points to tighter forward supply. Feed buyers should watch the basis curve when timing purchases.

## Read by commodity

- CANMEAL: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2022/02/01/spot-canola-basis-weakens-new-crop

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