# Will European Canola Demand Lead to Stronger Bids?

> Strategie Grains estimates European imports for biodiesel could reach a record 5.8 million metric tons in 2019-20, up from 4.2 million in 2018-19. Reports put potential Canadian exports between 1.2 and 3 million tonnes, with about 1 million tonnes of new-crop booked in July. Canadian cash canola bids were steady at C$417.80 per tonne as of August 21.

- Date: 2019-08-23 · published 2019-08-23T12:00:00.000Z
- Category: trade · region EU · magnitude low
- Page: https://feedsoft.ai/events/57706-will-european-canola-demand-lead-to-stronger-bids
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Strong European demand for Canadian canola could lift bids if export sales materialize, though cash prices have been range-bound. The widening rapeseed-canola spread suggests Canadian canola is seen as relatively cheap.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2019/08/23/will-european-canola-demand-lead

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