# New-Crop Canola Breaks Support

> November 2019 canola broke trendline support on 25 and 26 February, losing $7.70 per tonne as speculative selling pushed the contract below its prior trading range. Analysts see the next support near $471.80 to $473.70 per tonne.

- Date: 2019-02-26 · published 2019-02-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/60714-new-crop-canola-breaks-support
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower new-crop canola futures reflect weakness across oilseeds and vegetable oils, which can pull down canola meal prices for feed buyers.

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2019/02/26/new-crop-canola-breaks-support

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