# Canada’s Lower Canola Production Won’t Impact Price Much | Red River Farm Network

> Canadian canola production came in smaller than expected, but a CHS analyst said it would not significantly affect prices. Canola is following soybean oil higher, and demand for canola products is expected to remain solid.

- Date: 2020-12-04 · published 2020-12-04T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/49750-canada-s-lower-canola-production-won-t-impact-price-much-red-river-farm-network
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Smaller Canadian supply is largely offset by firm demand and a rallying soy complex, so meal and oil prices are likely to hold steady rather than move sharply.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: neutral

## Sources

- rrfn.com: https://www.rrfn.com/2020/12/04/canadas-lower-canola-production-wont-impact-price-much/

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