# Canola demand could outstrip supply | The Western Producer

> Canadian canola prices reached about $15 per bushel in Saskatchewan, the highest nearby futures levels since April 2012. An analyst expects Canada's canola exports to reach 10.2 million tonnes this marketing year, below the current pace, implying demand rationing. Prices are largely driven by the strong export program.

- Date: 2021-01-21 · published 2021-01-21T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/49123-canola-demand-could-outstrip-supply-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Expected supply rationing supports canola meal and seed prices, which raises input costs for feed mills relying on canola meal.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- producer.com: https://www.producer.com/markets/canola-demand-could-outstrip-supply/

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