# The Canola Oil Market Shortage | Maverik Oils

> Maverik Oils article says Canada is running short of canola about six months before the next harvest due to strong export demand. It notes prices reached near 13-year highs in January 2021.

- Date: 2021-04-28 · published 2021-04-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/47574-the-canola-oil-market-shortage-maverik-oils
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Low canola stocks ahead of harvest support canola meal and oil prices, increasing feed and cooking oil costs until new-crop supplies arrive.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Sources

- maverikoils.com: https://maverikoils.com/canola-oil-market-shortage/

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