# Old-Crop Canola Prices Slide

> Since their May 7 contract highs, July canola has fallen $124.80 a tonne and November has fallen $62.80 a tonne as of May 21. Cash bids across Prairie regions have also dropped, partly due to a stronger Canadian dollar and competition from other oilseeds.

- Date: 2021-05-24 · published 2021-05-24T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/47214-old-crop-canola-prices-slide
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Falling futures and weaker basis cut the price farmers receive and signal softer canola meal costs ahead. Tight uncommitted old-crop supplies limit how far prices can fall.

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2021/05/24/old-crop-canola-prices-slide

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