# High stocks-to-use ratio weighs on canola - Grainews

> Canada's canola stocks-to-use ratio ended 2019 above 20 per cent, well over the five-year average of 13.4 per cent. FCC's 2020 outlook projects canola around C$465 per tonne, with prices potentially rising to C$500-550 if China exports resume.

- Date: 2020-01-24 · published 2020-01-24T12:00:00.000Z
- Category: market · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/55188-high-stocks-to-use-ratio-weighs-on-canola-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy carryout stocks pressure canola prices, and reopened Chinese demand is the key upside driver for canola meal and seed.

## Read by commodity

- SOY: neutral
- CANMEAL: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/high-stocks-to-use-ratio-weighs-on-canola/

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