# COVID-19 affecting canola market - Agweek | #1 source for agriculture news, farming, markets

> US canola demand has eased as Americans eat more at home and restaurants use less canola oil. North Dakota canola acreage is expected to decline slightly in 2020, and rains in late June helped drought-stressed areas.

- Date: 2020-07-07 · published 2020-07-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52096-covid-19-affecting-canola-market-agweek-1-source-for-agriculture-news-farming
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weaker food-service demand and slightly smaller planted area keep canola oil and seed prices under pressure, though improved moisture limits downside.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- agweek.com: https://www.agweek.com/business/covid-19-affecting-canola-market

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