# Canola catches a tail-wind, but does it have the momentum to hold on? - RealAgriculture

> RealAgriculture reports Statistics Canada projects 2020 canola production down 0.4% to 19.4 million tonnes, with higher yields and lower harvested area. November canola futures rose above C$500/tonne for the first time in a long time, supported by strength in soybeans and soyoil.

- Date: 2020-09-01 · published 2020-09-01T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/51098-canola-catches-a-tail-wind-but-does-it-have-the-momentum-to-hold-on
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A slightly smaller Canadian canola crop and firm vegetable oil markets support canola prices, though seasonal harvest selling may cap gains. Canola meal supply tightens modestly if crush is steady.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-02-13 | [Biofuel Canola OIl Demand Reaches Record Hight - The Jacobsen](https://feedsoft.ai/events/15240-biofuel-canola-oil-demand-reaches-record-hight-the-jacobsen.md) | -3.6% | -2.7% |
| SBO | 2018-08-21 | [In the new season will increase the demand for canola and canola](https://feedsoft.ai/events/63518-in-the-new-season-will-increase-the-demand-for-canola-and-canola.md) | -0.6% | -5.0% |
| SBO | 2023-11-28 | [Grain Journal \| US canola oil consumption reaches another record high](https://feedsoft.ai/events/33281-grain-journal-us-canola-oil-consumption-reaches-another-record-high.md) | -1.5% | -4.8% |
| SBO | 2026-06-19 | [Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year](https://feedsoft.ai/events/18880-soybean-meal-and-oil-global-demand-sustains-market-but-excess-supply-pressures.md) | +1.6% | +7.3% |
| SBO | 2019-09-13 | [AgroPages-USDA, WASDE Reports Rallies The Soybean Market 29¢.-Agricultural news](https://feedsoft.ai/events/10851-agropages-usda-wasde-reports-rallies-the-soybean-market-29-agricultural-news.md) | +2.7% | +2.3% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2020/09/canola-catches-a-tail-wind-but-does-it-have-the-momentum-to-hold-on/

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