# Alberta farmers rejoice as canola prices soar to 13-year high | Calgary Herald

> Canadian canola prices surged to a 13-year high, with farm-gate prices near $16 a bushel versus about $10 a year earlier. Canada's canola exports are up roughly 33% year to date, and Chinese stockpiling is cited as a key driver.

- Date: 2021-02-04 · published 2021-02-04T12:00:00.000Z
- Category: trade · region Canada · magnitude high
- Page: https://feedsoft.ai/events/48614-alberta-farmers-rejoice-as-canola-prices-soar-to-13-year-high-calgary-herald
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Strong Chinese and global import demand combined with tight Canadian supplies pushes oilseed and meal prices higher, raising feed input costs.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- calgaryherald.com: https://calgaryherald.com/news/local-news/like-winning-the-lottery-canola-farmers-rejoice-as-global-demand-pushes-prices-to-13-year-high

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