# Canola Cash Basis Compared to Average

> The average Prairie canola basis was unchanged at $31.17/mt under November futures, weaker than the prior year's $27.52 and the three-year average of $28.30. Vancouver cash basis weakened $5 to $25/mt over November, and harvest-time elevators are quoting wide discounts.

- Date: 2018-08-13 · published 2018-08-13T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/63635-canola-cash-basis-compared-to-average
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weak cash basis reflects slack export urgency, which pressures canola cash bids even as production uncertainty from heat and drought persists.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/canada-markets/blog-post/2018/08/13/canola-cash-basis-compared-average

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