# Buoyant market makes canola likely choice for cash sales - Grain Central

> Strong global canola prices are expected to persist into the Australian harvest, with crushers in China and Europe as the main buyers. USDA raised its forecast for Australian 2020-21 canola exports to 2.35 million tonnes and Canadian exports to 9.8 million tonnes, and cut its European canola import forecast to 5.7 million tonnes.

- Date: 2020-08-19 · published 2020-08-19T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/51592-buoyant-market-makes-canola-likely-choice-for-cash-sales-grain-central
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Europe's drought-reduced crop and lower EU import forecast tighten the oilseed balance, supporting canola meal prices for feed buyers.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/buoyant-market-makes-canola-likely-choice-for-cash-sales/

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