# About Us | Oil & Gas Journal - Canola Futures Surge Amidst Tightening Supplies and Robust Biofuel Demand

> Canola futures rose to above C$650 per tonne, with the January contract up C$7.70 to C$655.20. The gain was tied to strength in Chicago soy complex and speculation about Chinese purchases of U.S. soybeans. The article also cites reduced Southern Hemisphere production forecasts and strong crushing demand.

- Date: 2019-06-18 · published 2019-06-18T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/58580-about-us-oil-and-gas-journal-canola-futures-surge-amidst-tightening-supplies
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger soy and canola values support oilseed meal and oil prices, which feed into feed cost and crush margin calculations. The rally reflects tighter global oilseed supply and biofuel demand.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- CANMEAL: bullish ▲

## Sources

- markets.financialcontent.com: https://markets.financialcontent.com/pennwell.oilgasjournal/article/marketminute-2025-11-17-canola-futures-surge-amidst-tightening-supplies-and-robust-biofuel-demand

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