# Canola prices improving thanks to better market prospects | 620 CKRM - The Voice of Saskatchewan | Harvard Media

> An analyst said canola prices had improved in recent days, partly on better U.S.-China trade relations. He cited export opportunities to the European Union, where canola is used in diesel blending, and expected wheat to hover around $6 a bushel due to abundant global supplies.

- Date: 2019-09-16 · published 2019-09-16T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/57173-canola-prices-improving-thanks-to-better-market-prospects-620-ckrm-the-voice-of
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Improved trade sentiment and new EU biodiesel demand prospects support canola values, while ample global wheat supplies keep grain prices capped for feed buyers.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-03-22 | [China halts new purchases of all Canadian canola, imposes strict inspections of other agriculture goods - The Logic](https://feedsoft.ai/events/60085-china-halts-new-purchases-of-all-canadian-canola-imposes-strict-inspections-of.md) | +1.1% | -2.4% |
| WHEAT | 2023-09-25 | [Explainer: Why are Russian export prices roiling the wheat market? \| Reuters](https://feedsoft.ai/events/34139-explainer-why-are-russian-export-prices-roiling-the-wheat-market-reuters.md) | -2.7% | -1.3% |
| WHEAT | 2024-09-02 | [Spain: The fall in cereal prices at the León market continues, conditioned by the world market](https://feedsoft.ai/events/28379-spain-the-fall-in-cereal-prices-at-the-leon-market-continues-conditioned-by-the.md) | +3.6% | +14.4% |
| WHEAT | 2025-03-04 | [Grain Markets Sink on Tariff Retaliation: How Long Will It Take To Price It In?](https://feedsoft.ai/events/12568-grain-markets-sink-on-tariff-retaliation-how-long-will-it-take-to-price-it-in.md) | +0.1% | +2.8% |
| WHEAT | 2019-08-02 | [August prices start off with new lows — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets.md) | +0.0% | +0.2% |

## Sources

- 620ckrm.com: https://www.620ckrm.com/2019/09/16/canola-prices-improving-thanks-to-better-market-prospects/

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