# Prairie Canola Bids Show Late-Crop-Year Weakness

> Cash canola bids on the Canadian Prairies fell on 21 and 22 July after reaching a crop-year high on 20 July. The November ICE contract also slipped and failed at technical resistance near 487 dollars per tonne.

- Date: 2020-07-22 · published 2020-07-22T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/52228-prairie-canola-bids-show-late-crop-year-weakness
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weakening cash bids ahead of the new crop may signal softer old-crop demand, pressuring canola-linked prices in the near term.

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/07/22/prairie-canola-bids-show-late-crop

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