# Be prepared for price volatility | The Land | NSW

> An AWB analyst says canola prices are at historically high levels, with European November 2022 futures at 615 euros per tonne, up 50% year on year. The analyst warns prices could fall if 2022 yields recover to average, though Black Sea unrest and inflation add premiums.

- Date: 2022-02-01 · published 2022-02-01T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42805-be-prepared-for-price-volatility-the-land-nsw
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Elevated canola values reflect drought-driven tightness in 2021 and incentive to expand oilseed plantings, which could build stocks and pressure prices later. Buyers face high current costs but a possible downside if supply recovers.

## Read by commodity

- CANMEAL: neutral

## Sources

- theland.com.au: https://www.theland.com.au/story/7602896/canola-growers-warned-to-watch-for-market-downside/

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