# Canola Prices Heading Toward Uncharted Territory | Country 600 CJWW

> Old-crop canola prices kept rising, with the March contract closing at C$753.60 per tonne on Wednesday. Analyst Neil Townsend said prices could reach C$18 to C$20 a bushel and warned that tight supply could push companies to stop bidding.

- Date: 2021-02-17 · published 2021-02-17T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/48746-canola-prices-heading-toward-uncharted-territory-country-600-cjww
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tight old-crop canola supply and a possible shift to no-bid structures point to further price support for canola and its meal, with the calendar favouring producers as long as Western Canadian seeded area does not rise sharply.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- cjwwradio.com: https://www.cjwwradio.com/2021/02/17/112781/

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