# Only the Demand Side Can Stir the Canola Market

> January canola futures closed Monday at $461.10/mt, $2.30 lower, trading within a narrow $8.80 range over seven sessions. Noncommercial traders increased their net-short canola position to 61,584 contracts as of 22 October, while spreads weakened.

- Date: 2019-10-28 · published 2019-10-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56669-only-the-demand-side-can-stir-the-canola-market
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weak spreads and rising speculative shorts point to bearish near-term pressure on canola, though delayed Prairie harvest limits downside.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2019/10/28/demand-side-can-stir-canola-market

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