# Old-crop canola price records keep falling - Manitoba Co-operator

> Manitoba farmers could lock in canola at $1,021 a tonne for August delivery with crusher Bunge on May 5, a basis about $100 a tonne over futures. May canola futures hit a record $933.90 a tonne that month. Analysts expect prices to reach $1,000 a tonne or more.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/47210-old-crop-canola-price-records-keep-falling-manitoba-co-operator
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tight old-crop supplies and a strong positive basis raise the cost of canola for crushers, and therefore for canola meal used in feed. Farmers may hold back new-crop sales if drought fears persist.

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/news-opinion/news/old-crop-canola-price-records-keep-falling/

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